Supervisors question stability of stablecoins

Stablecoins are the latest cyber-asset trend to worry supervisors who are concerned that they may pose a systemic threat and could even undermine central bank monetary policy

BIS makes raft of appointments including Powell as GEM chair

The Bank for International Settlements (BIS) has made a number of appointments including making Jerome Powell, the chair of the US Federal Reserve System, chairman of the Global Economy Meeting (GEM) and the Economic Consultative Committee, after consultations with members of the GEM.

Cœuré to head BIS innovation hub

The head of the new BIS innovation hub will be Benoît Cœuré, who is a member of the European Central Bank’s (ECB) executive board, the Bank for International Settlements said in a statement.

Basel Committee consults on AML/CFT guidelines

The Basel Committee on Banking Supervision is requesting feedback on introducing guidelines on the interaction and cooperation between prudential and anti-money laundering and combatting the financing of terrorism (AML/CFT) supervision.

Basel Committee consults on templates relating to market risk disclosure requirements

The Basel Committee on Banking Supervision is consulting on its revisions to market risk disclosure requirements relating to the profit and loss attribution (PLA) test for banks that use the internal models approach (IMA) to assess capital requirements for their trading books.

Basel Committee consults on templates detailing bank sovereign exposures

The Basel Committee on Banking Supervision has launched a consultation, which closes on February 12, 2020, on three Pillar 3 templates relating to bank sovereign exposures.

Basel Committee says supervisors must pay attention to the impact of open banking

Banks and their supervisors need to pay greater attention to the effects of open banking on the industry in areas such as sharing customer data and the growing connectivity among players, the Basel Committee on Banking Supervision said in a report. 

FSB’s G-SIB count rises by one bank to 30 institutions

Global standard setters have published the 2019 list of global systemically important banks (G-SIBS) which now number 30 financial institutions, one more than last year thanks to the addition of Toronto Dominion.

US China tensions

Trade war threatens pace of China’s regulatory reforms

In the last few years, China has embarked on a concerted effort to curb the excesses of its shadow banking system, but the trade war with the US may slow or even threaten those aims. 

While Fed gives US banks thumbs up, OMFIF bemoans lack of detail

In its supervision and regulation report, the US Federal Reserve Board said US banks remain strong and well positioned for any downturn, though one think-tank thought the central bank did not dig deep enough into potential problem areas.