Banks
UK’s FCA bans crypto derivatives for retail investors
FCA says retail crypto assets have no reliable valuation basis and could increase financial crime
Global fraud framework needed as digital transactions rise – report
Covid-19 has forced consumers to trust new payment methods, but it could come at a cost
FCA wants pandemic-relevant projects for sandbox
UK regulator announces scope of latest sandbox cohort and launches new digital initiative
Machine learning algorithms could increase ethnic bias – research
Technology makes loans more likely for US ethnic minorities but increases interest rates, paper finds
Beyond climate: addressing the ‘E’ in ESG
Environmental degradation raises fundamental questions about how central banks think about risk; efforts to expand focus beyond climate risks now under way
DNB survey looks at factors driving trust in financial system
Authors use data from DNB survey of Dutch consumers of financial services
UK’s access to cash policy pilots to launch in 2021
Industry body seeks permission from FCA to allow retailers to provide cashback services
Covid-19 pandemic speeds up adoption of mobile banking – HKMA’s Yue
Eighty per cent of payments under Cash Payout Scheme were made electronically, HKMA chief says
BIS paper explores impact of sterilised FX interventions
Authors say economic and financial stability implications of intervention have been understudied
State regulators could lead on CFTC climate risk plans
Sympathetic rulemakers don’t need to wait for a change of federal government, say experts
Nigeria’s central bank implements financial inclusion strategy targeted at women
Central bank wants to close financial services gender gap by 2024
Bahamas prepares for nationwide CBDC rollout
Central bank says digital currency should improve financial inclusion – but it won’t be anonymous
Fed will calibrate NSFR to avoid hurting repo
Fed’s supervision head says final liquidity rule will be fast-tracked without fresh consultation
BoE admits errors over audio leak
BoE dismissed warning over leak of audio and should have identified breach sooner, report says
BIS paper models credit booms and busts
Authors outline heterogeneous-agent framework that could support macro-prudential policy
Sterling swap traders brace for new Sonia switch deadline
Covid delays force regulators to set new date for interdealer swap market to price off RFR
Fed presses ahead with financial inclusion reforms despite disagreement
OCC has already published a final rule and shows little sign of wanting to follow central bank’s approach
Eastern Caribbean Central Bank official says CBDC is ‘foolproof’
Central bank asks consumers to register for second stage of digital currency pilot
Spread gap between green and grey bonds closing – BIS specialist
Measuring and incorporating sustainability still a challenge, says Omar Zulaica
Advanced economy central banks use more custodians
Reserve managers in advanced economies work on average with 5.6 custodians
Stress-test results reinforce need for capital review – RBNZ
Under very severe scenario, banks need significant capital injections
Action needed to avert Latin American banking crisis – report
Emergency measures may mask growing solvency problems, institutions warn
Fed presents two severe stress scenarios to test Covid risks
Limits on share buybacks and dividend payouts may be extended as stress tests emphasise risks
ECB changes largest eurozone banks’ leverage ratios
Latest emergency response to Covid-19 should raise banks’ leverage ratios by about 0.3%, ECB says