Supervision
AML/CFT regulation of crypto assets needs rapid reform – BIS report
Few jurisdictions are implementing “travel rule” for crypto assets, report says
Cyber security and retaining top talent are biggest tech challenges
Keeping abreast of fintech developments also tests institutions
People: Steven Maijoor moves to DNB
Bank of Slovenia vice-governor nominated; ECB media relations chief stepping down; and more
Irish central bank levies record fine for misconduct
CBI fines Ulster Bank Ireland €37.7m over serious failings in “tracker mortgage” scandal
Federal Reserve to end payout caps for better-capitalised banks
Fed will lift limits on payouts and buy-backs for banks passing stress tests on capital levels
Myanmar central bank fines lenders over protests – reports
Authorities attempt to force private banks to reopen as strike campaign continues, reports say
Central bank of the year: The Federal Reserve System
Overwhelming Fed interventions in March 2020 forestalled a damaging global financial crisis, as policy overhaul prompts introspection in Europe and Japan
Fed vice-chair: Libor will end
Libor use has expanded, but Quarles says Fed is looking for transition plans
US regulators end leverage ratio exemption
Fed, OCC and FDIC stick to March 31 end date despite reports of industry lobbying
Advisory services: Oliver Wyman
The consultancy has built a reputation for analytical excellence and governance expertise, and counts leading central banks across the globe as its clients
‘Do bank supervisors wear too many hats?’ asks BIS paper
Many countries require array of mandates beyond “safety and soundness”, authors say
MAS shakes up senior management
MAS reshuffles leadership, appointing Ho Hern Shin as new deputy managing director of financial supervision
UK regulators fix end date for Libor
Most Libor settings will cease at the end of 2021 as Bailey tells firms to finish their transitions
IMF staff suggest changes to Paraguyan supervision
Report calls for new pension fund supervisor and better supervision of non-banks
ECB pushes for greater crypto asset powers
Central bank suggests changes to afford it greater oversight of e-money issuers
BoE unveils plan to ‘transform’ data collection
Decade-long effort to overhaul data standards and methods of reporting
US regulators issue emergency guidance on Texas storms
Joint statement addresses disruptions caused by last week’s snowfall
Brainard sets out Fed’s approach to climate risk
Fed board member sets out agenda similar to that of other major central banks
Book notes: Asset management at central banks and monetary authorities, edited by Jacob Bjorheim
This excellent book fills a critical gap existing since IMF guidelines on asset management were revised
RBI launches fresh bid to reform co-operative banks
Former deputy brought in to investigate measures to strengthen the troubled sector
The changing data landscape: Part 2
Central Banking speaks to Philip Abradu-Otoo, Juan José Ospina and Howard Chang about whether there is a need to change underlying infrastructure to bolster data-driven policy-making
Andrew Bailey attacks European Union over regulations
EU risks regional dispute as it holds UK to standard applied to ‘no other country’ – BoE governor
Judge questions Bailey’s account of LCF investigation
Elizabeth Gloster rejects BoE governor’s claim of a “misunderstanding” over his role
Bailey hits back at critics in new hearing on LCF scandal
“I am quite angry”, says BoE governor, as he denies accusation of cover-up