New rules for money market funds could be in the works following comments from deputy US Treasury Secretary Justin Muzinich that the reforms dating from the 2007-9 global financial crisis may not go far enough.
Liquidity
FINMA consults on minor tweaks to liquidity regime
Interested parties are being asked to comment on minor amendments to Switzerland’s liquidity regime for banks by the Swiss Financial Market Supervisory Authority (FINMA).
LCR modified for banks participating in two Fed programmes
US federal prudential regulators have modified the liquidity coverage ratio (LCR) for banks participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.
How resilient is your trading infrastructure?
Firms must ensure their trading infrastructure has the capacity to cope in the face of the current soaring volumes
Central bank stimulus needs to go the last mile to reach the real economy
Measures taken by central banks need to travel “the last mile” so they reach individuals and businesses and this bridge is not yet in place, warned Agustín Carstens, general manager at the Bank for International Settlements (BIS).
Open banking impact may force regulators to reconsider prudential measures
Not only will open banking shake-up the financial services industry, but it could also unleash financial stability issues, which are attracting the attention of prudential regulators
Borrowing in euros and yen outpaces US dollar credit advances
Borrowings in US dollars by non-banks grew at a slower pace in the year ending June 2019 compared with euros and Japanese yen, the Bank for International Settlements (BIS) said.
The PRA’s demanding liquidity framework is a commercial opportunity
The UK’s tougher approach to liquidity reporting is at first glance yet another demanding requirement imposing extra compliance burdens on firms. But seen from another angle the greater visibility it creates around liquidity could create commercial opportunities
New paper finds real estate booms have two-phase impact on credit supply
A new paper published by the ECB raises interesting questions about the transmission mechanisms of property bubbles and suggests that they have a potentially distortionary impact on the supply of credit to other parts of the economy
Spike in Italian bond yields poses challenges for bank refinancing - BoI governor
Spikes in Italian debt yields and spreads leaves the country’s banks vulnerable to refinancing challenges, the governor of the Bank of Italy said at a conference
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