Securities lending
MAS will regulate token derivatives
Central bank updates securities legislation to regulate tokens offered by approved exchanges
Libra’s Disparte on big tech’s move into digital currency
Libra Association vice-chair Dante Disparte speaks about the decision to abandon a multi-currency reserve, stress-testing a global payment network and how the Facebook-backed body still has 3 billion customers in its sights
National Bank of Denmark divests stake in securities firm
Central bank will sell its 24.2% ownership of VP Securities to Euronext
Central banks and banks: a changed relationship
The development of large, complex international capital markets has reshaped the relationship between central banks and their commercial counterparts
Iceland cuts rates to 2.25%
Rate cut and changes to reserve requirements designed to offset virus shock
Wider use of LEIs will improve stability, says DNB president
LEI system should be improved and made compulsory for more types of financial data – Klaas Knot
Basel III changed securities dealing – Bank of Canada paper
Regulations have changed dealers’ behaviour and reduced risk, study finds
Tighter policy in large economies squeezes cross-border banking – paper
US monetary policy shocks play major role in bilateral bank lending – Bank of Spain paper
Overcoming deflation: Japan’s experience and challenges ahead
Bank of Japan governor Haruhiko Kuroda explains how Japan’s long battle against deflation may offer insights for the future conduct of monetary policy at other central banks
Basel Committee overhauls leverage ratio to tackle ‘window dressing’
New disclosure rules aim to end “unacceptable” quarter-end rush to cut leverage
UK’s parliament asks questions over FCA handling of suspended fund
Andrew Bailey calls for limits on illiquid investment to be maintained by offshore funds
Central Banking’s ‘Leaders’ for custody, banking and gold
Central banks want integrated custody platforms and real-time data from custodians as the low-yield environment drives demand for banking services and increases the relative attractiveness of gold
ECB paper looks at eurozone banks’ exposure to securities
Granular study of eurozone securities can help analysis of financial crisis contagion, study argues
BoJ vows to continue ‘powerful’ easing for longer
Central bank promises low rates will last longer, and unveils raft of other measures
Bank of Jamaica warns about rising corporate debt
Portfolios changed as banks shed public debt and private borrowing grew, report says
China’s bond market needs reform, economist says
IMF book looks in detail at China’s bond market characteristics, prospects and reforms
Specialised lending initiative: Deutsche Bank
As agent lender for securities purchased under the European Central Bank’s bond purchase programme, Deutsche Bank has played an important role in supporting secondary market liquidity
Mexico unveils measures to foster financial inclusion
Plan intends to promote digital payments, facilitate access to credit and deepen capital markets
Bahrain launches new repo instrument to foster interbank lending
Move comes after IMF directors back government’s attempt to diversify oil-based economy
Fed’s emergency lending facilities eased funding pressures, researchers find
Facilities likely avoided severe sale of assets at fire-sale prices, authors say
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
Crypto bank targets 2019 launch
Switzerland’s Seba Crypto sets its sights on banking licence with “technology-neutral” regulator
Book notes: China’s Great Wall of Debt, by Dinny McMahon
McMahon is too pessimistic about the chances of China managing to get its great wall of debt under control, writes Michael Taylor, but he is undoubtedly right about the scale of the challenge
Bank of Lithuania to regulate ICOs that mimic securities
Where coin offerings have properties of securities, the central bank will have oversight; financial institutions could have licence withdrawn if regulation is not followed