Risk
Riksbank report calls for creation of kronor bond portfolio
Sveriges Riksbank research advises central bank to acquire a portfolio of assets held in Swedish kronor as part of 'toolkit' to help achieve long-term financial stability
RBI’s Sinha calls for enhanced regulation of microfinance
Reserve Bank of India deputy governor calls for greater regulation of the microfinance sector; says there has been a "significant downturn" in the sector's prospects
IMF research investigates impact of asset prices on credit growth
IMF working paper examines the impact of asset prices on credit growth; concludes monetary policy should consider the impact of asset price movements
Banque de France study examines bank loan portfolio management behaviour
Banque de France working paper examines relationship between a 'competitive investor' and 'commercial banks' in relation to long-term loan portfolios
SNB research examines spillover risk in international equity portfolios
Swiss National Bank study finds sector and currency risk attributable for majority of spillover risk in international equity portfolios
Renminbi could be adopted into SDR by 2015, says CentralBanking.com panellist
Latest Central Banking On Air debate asks if reserve mangers should invest more in emerging markets; panellists believe renminbi will be adopted as part of SDR with just the timescale in question
ECB’s Financial Stability Report highlights need for cross-border co-operation on OTC derivatives supervision
Global nature of the OTC derivatives market and risks of regulatory arbitrage cited as reasons for need to adopt cross-border and cross-sector approach to regulation
Bank of Lithuania survey shows improvement in mortgage arrears
The level of mortgage arrears has improved in Lithuania as debtholder sentiment improves, according to central bank survey
BIS research finds greater data sharing needed to monitor systemic risk
Bank for International Settlements working paper says more data sharing is needed at individual bank level to better monitor systemic risk
CPSS and Iosco set out central bank responsibilities for FMIs
CPSS and Iosco issue new standards for financial market infrastructures; include core responsibilities for central banks and other supervisory bodies
Bernanke defends Fed’s response to financial crisis
Fed chairman defends actions taken before and during global financial crisis; offers justification for Fed response to struggling systemically important firms
BIS research highlights changes in Asian loans market
BIS investigates changes in loan-loss provisioning in Asian banking sector in wake of Asian financial crisis
Korean government issuers unlikely to benefit if sovereign is upgraded – Moody's
Government-related issuers not likely to be upgraded alongside Korean sovereign as rating agencies place more weight on underlying credit fundamentals
Chakrabarty: Crisis has turned policy frameworks 'on their head'
Reserve Bank of India deputy governor tells conference that policy focus has moved towards future crisis prevention
Danish central bank publishes essays on risk in interest rates and inflation modelling
National Bank of Denmark publishes essay series on risk inherent in interest rate and inflation modelling
ESRB supports flexibility in EU legislation
European Systemic Risk Board backs flexible approach in EU legislation governing macro-prudential policy
IMF paper focuses on future of risk-weighted assets
International Monetary Fund working paper discusses the differing perceptions of risk-weighted assets and the measures that may remedy the imbalances in how these assets are perceived
Diverging views on US debt stimulate debate at NALM 2012
A difference of views emerged about the relative risks of US sovereign debt compared with alternatives during a panel discussion at NALM 2012 symposium on risk approaches in a post-crisis world
Reserve managers warned on risks of extending maturities
Central banks that are finding it harder to secure real returns from their liquid asset holdings should beware of market risks if they extend the duration of their holdings says NALM panellist
Norway SWF manager surveys companies’ social and environmental risks
Norges Bank Investment Management assesses the social and environmental reporting levels of companies the sovereign wealth fund has invested in or is considering investing in
Bangladesh Bank governor vows to speed up reforms
Governor pledges to introduce new supervisory safeguards to strengthen banking system
IMF policy paper investigates volatility in low-income countries
International Monetary Fund paper looks into the role and potential for contingent financial instruments to aid in managing shocks in low-income countries
Fed working paper studies inflation risk premium
New Federal Reserve Board working paper uses evidence from Treasury inflation protected securities market to investigate inflation risk premiums
Fed paper studies the effect of Tarp on bank risk-taking
Discussion paper says the increase in risk-taking without an increase in lending following Tarp capital injections “is suggestive of moral hazard due to government ownership”