Moody's Analytics Webinar: Perspectivas Económicas para América Latina 2020

Chilean Corporates Well Equipped for a Crunch

High levels of foreign direct investment lower the risk of corporate leverage.

CMF Proposes Methodology to Determine Operational Risk-Weighted Assets

CMF proposed a standardized methodology for the determination of operational risk-weighted assets (APRO) of banking entities operating in Chile, in accordance with the latest international standard (Basel III) and the recent modification of the General Banking Law.

BCRA Updates Rules on Capital Requirements and Information Regime

BCRA updated rules on minimum capital requirements for financial entities and on certain aspects of the information transparency regime.

Regulators in EU, UK, and US React to Announcement on Facebook's Libra

Regulators in EU, UK, and U.S. have expressed concerns about the intention of Facebook to launch the digital currency Libra, which is scheduled for release in the first half of 2020.

Tip of the Iceberg: The Global Ramifications of a China Debt Crisis

A hard landing in China remains a looming threat to the global economy and especially to the rest of Asia. This paper considers the consequences of a China debt crisis for the Chinese and global economies, with a special focus on Southeast Asia and emerging markets.

CMF Issues Proposal for Identification of Systemically Important Banks

CMF is consulting on methodology for the identification of systemically important banks and the determination of additional requirements for these institutions, in accordance with the international standards and the recent modification to the General Banking Law.

Webinar: NIIF9- Escenarios Macroeconómicos en el Cálculo de Pérdidas Esperadas

Únase a nosotros para examinar los desafíos de cumplir con las normas contables NIIF 9, un año después de su implementación.

Brazilian Authorities to Implement Regulatory Sandbox

BCB, the Ministry of Economy's Special Finance Secretariat, the Securities Commission, and the Superintendence of Private Insurance are considering the implementation of regulatory sandbox in Brazil in the coming months.

Potential Output and Monetary Neutrality in Chile

Based on an update of the economy's structural variables, the Central Bank of Chile relaxed monetary conditions in June. Using statistical methods, we arrived at the same conclusion in terms of Chile's potential output; however, the estimation of monetary neutrality changes significantly with the new methodology to compute inflation and with the change in expectations of the monetary policy rate. The high sensitivity of estimates of non observable variables––such as potential output and neutral interest rate––can lead to monetary decisions that may become inconsistent.

Economic Implications of Climate Change

We examine the physical risk and quantify the economic costs of climate change using the Moody's Analytics Global Macroeconomic Model.

LatAm Central Bankers Bask in Fed Pause

Rate cut or not, the Federal Reserve's easing bias is a relief for the region.

Chile Reverses on Monetary Normalization

The policy rate was cut based on a new estimation of the output gap.

EC Publishes Draft Equivalence Decisions for Credit Rating Agencies

EC is requesting feedback on the draft implementing decisions on recognition of legal and supervisory systems of Hong Kong, Japan, Mexico, and U.S. as equivalent to the requirements of Regulation (EC) No 1060/2009 on credit rating agencies.

CMF Integrates SBIF to Modernize Banking Legislation in Chile

CMF held a meeting on the supervision and regulation of banking and financial institutions, in accordance with the provisions of Law 21.130, which modernizes banking legislation, and announced integration of SBIF into CMF.

Venezuela Outlook: Another Year of Double- Digit Contraction

Sanctions, blackouts, and the political crisis sink the economy even deeper.

EBA Regards Regulatory Framework in Argentina to be Equivalent to EU

EBA published its opinion that the supervisory and regulatory framework applicable to credit institutions in Argentina can be regarded as equivalent to that applied in EU.

IMF Report States Colombia to Introduce Basel Standards from 2020-24

IMF published its staff report on the review of Colombia's performance under the flexible credit line (FCL) arrangement.

FSB Publishes Update on Meeting of RCG for Americas

FSB published a summary of the meeting of its Regional Consultative Group (RCG) in Americas.

BCRA Updates Minimum Capital Requirements and Information Regime

BCRA published updated rules on minimum capital requirements for financial entities, along with the updates related to certain aspects of the information transparency regime.

IMF Publishes Reports on 2019 Article IV Consultation with Colombia

IMF published its staff report and selected issues report under the 2019 Article IV consultation with Colombia.

BCB Communicates on Supervision of Open Banking Activities

BCB published a communication regarding the supervision of open banking model in Brazil.

BIS Paper on Effect of Loan-Loss Provisions on Chilean Mortgage Market

BIS published a working paper on the impact of macro-prudential regulation on mortgage credit.

BCB Amends Circulars on Management of IRRBB for Banks in Brazil

BCB issued Circular No. 3.938 on changes to the rule on the identification, measurement, and control of interest rate risk in the banking book (IRRBB) and on the public disclosure and remittance (to BCB) of information related to IRRBB.

Economic Costs of Closing the U.S.-Mexico Border

Supply chains and cross-border transactions could be damaged.

Perspectivas Económicas América Central 2019

América Central continuará siendo la subregión con mayor crecimiento en el 2019, dada su estrecha relación con el mercado estadounidense y los aún favorables precios de las materias primas.

IMF Report Examines Developments in Banking Sector in Argentina

IMF published a staff report highlighting that the banking system in Argentina remains resilient.

Moody's Analytics Webinar: Perspectivas Económicas para América Latina 2019

América Latina se encamina a su segundo año de recuperación en el 2019, con una mejoría más generalizada a nivel de países.

Moody's Analytics Webinar: Latin America Economic Outlook 2019

Latin America is heading toward a second year of recovery in 2019 with continued general improvement across countries. However, key risks threaten to adversely affect the region’s economic performance.

Global Outlook: Weaker Growth, Pervasive Downside Risks

Global economic growth has passed the peak and is transitioning to a slower pace after being on an upswing for more than two years.