Risk
Cyber risks cost 2-3% of profits at banks and insurers – RBNZ research
New Zealand central bank finds chance these threats may cause much greater losses
‘Systemic cyber incidents’ could cause major damage – ESRB
EU body says cyber attacks could reach “tipping point” and freeze financial sector
Why Bulgaria needs to deepen its currency board
The BNB’s currency board rules should be extended to transaction deposits at commercial banks, which could in turn issue digital currencies, even in the event of euro adoption
IMF staff say Argentina’s debt is unsustainable
Report calls for haircut for private creditors as Argentine government demands IMF debt forgiveness
Stability versus solvency
There is still far too much regulatory forbearance on troubled bank debt. More on-site inspections and genuine writedowns are needed to fix the banking system
Fed could postpone stress buffer beyond CCAR – experts
Delays prompt speculation that the new rules will only be known after the stress-test results in June
Bulgaria: long live the currency board
Bulgaria should reject the euro and extend its currency board to cover bank deposits
IMF-MAS research says cyber risks can be modelled with limited data
Public data can be used to create unique formulae to model hypothetical cyber attacks
RBI tries to break firm’s dominance in retail payments
NPCI was launched with backing from the central bank, but may have gained too much market power
Coronavirus is new risk to US outlook – Fed report
Virus risks disruption in China spilling over to the global economy, the Fed says
Central Banking Awards 2020: the winners
All the winners in the 2020 Central Banking Awards
Central Banking Awards 2020: final winners announced
Awards include lifetime achievement, transparency, communications and website
Basel III changed securities dealing – Bank of Canada paper
Regulations have changed dealers’ behaviour and reduced risk, study finds
Collateral management services: National Bank of Georgia/Montran
The duo developed Georgia’s fully automated new collateral framework
BIS economist explores uneven adoption of fintech
Several factors can explain why some countries have been quicker to adopt fintech than others
Central Banking Awards 2020: third group launched
Awards unveiled for currency manager, initiative, economics, currency services, advisory and data
US regulators propose third Volcker rule revision
Banks could soon regain permission to invest in speculative funds, but one official dissents
Governor of the year: Mark Carney
Carney has played a vital role in managing Brexit risks while driving efforts towards climate, payments and dollar funding reform
Innovation in reserve management: BlackRock
The US asset manager has made great strides in its technology, research and advisory capabilities, allowing clients to implement ESG while preserving financial returns
Watch out for Brexit cliff edge 2.0, experts warn
Measures to mitigate a sharp rupture for financial services could be less likely at end-2020
De Guindos stresses uncertainty from coronavirus outbreak
Powell and Carney said Fed and BoE are closely monitoring the virus’s impact on the economy
US leveraged lending rose further from 2018–19
Regulators urge banks to adopt risk-management measures to reflect changing market conditions
Central Banking Awards 2020: first winners announced
Prizes include central bank of the year, risk manager, payments and FMI, and treasury systems
Central bank of the year: Bank of Ghana
The African central bank has carried out extensive reform of Ghana’s banking sector