This is the second of a two-part series of our discussion on COVID-19, financial stability and business continuity management (BCM). In Part A we discussed the steps regulatory authorities can take to implement their own BCM programs, and expect from their regulated FIs, during the current pandemic. This blog post is Part B, and is […]
Category Archives: Financial Stability
Financial Stability, Supervision
Coronavirus and the Global Economy: Central Banks’ Policy Responses Update 1
20
Mar
Mar
This post is an update of our blog Coronavirus and the Global Economy: Central Banks’ Policy Responses published on 5 March 2020, chronicling central banks and policymakers’ responses to COVID-19. We note that the COVID-19 outbreak has generated both demand and supply shocks reverberating across the global economy. Among major economies outside of China, the […]
Financial Stability, Supervision
COVID-19: Financial Stability and Business Continuity Management – Part A
18
Mar
Mar
In many conference speeches, training presentations and papers since the end of the Great Financial Crisis, we often heard or read that “we don’t know when or from where the next crisis will come, but it will surely come.” It is too early to say that COVID-19 is or will precipitate another large scale global […]
Financial Stability, Supervision
Coronavirus and the Global Economy: Central Banks’ Policy Responses
05
Mar
Mar
Since the outbreak of the novel coronavirus (Covid-19) in China, central bankers and policymakers have kept a very sharp eye on the health of the global economy. In some cases, Covid-19 has been compared to SARS in 2003, which some economists estimate cost the global economy $45 billion. At that time China only represented 8% […]
15
Jan
Jan
On Wednesday, November 27, 2019 I experienced a scary spear-phishing cyber attack. Emotionally I was humiliated. I felt extremely vulnerable and violated. I felt helpless and deeply incapacitated. What is a spear-phishing attack? According to www.kaspersky.com, spear phishing is an email or electronic communication scam targeted towards a specific individual, organization or business. The purpose […]
Financial Stability, Macroeconomics and Monetary Policy, Supervision
The Beginning of the End for the Dollar?
03
Sep
Sep
The weakening of the dollar and the end of its dominance of the global financial system has alternately been predicted and appealed for over many years. Yet the fact that this is now being publicly called for by a member of the establishment, indeed by no less than the Governor of the Bank of England […]
15
Jul
Jul
This year’s SEACEN Centre Policy Summit in Kuala Lumpur in mid-June was on the very salient topic of “Central Bank Leadership in Combating Cyber Risk.”
Financial Stability
Climate Change as a Prudential Risk for Central Banks and Regulatory Authorities
01
Jul
Jul
Once policy-makers accept climate change as a prudential risk, several options are open to them, from
climate-related stress testing to promoting low-carbon financing.
25
Jun
Jun
So, the white paper on Libra has finally been released, and it’s capturing headlines all around the world. The introduction to the concept paper states that the document is an outline for a new decentralised blockchain, a low volatility cryptocurrency and a smart contract platform that all create a new opportunity for responsible financial services […]
Technology has given birth to a new era in banking that brings efficiency gains for financial institutions, improved access to services by consumers and fosters financial inclusion. In the field of payments, services are increasingly instant, 24/7 and globally available. Non-bank participants, meanwhile, are disrupting traditional intermediation. Artificial intelligence and machine learning are just two of the innovations promising to revolutionise financial services.