Inside Latam Series: Bolivia 2020

Energy & Infrastructure 2020 Briefing - São Paulo

Coronavirus: COVID-19 Alternative Scenario Narratives

We assess the global macroeconomic impact of two scenarios, although many others, each darker than the next, cannot be ruled out. This assessment is based on simulations of our global macroeconomic model, which captures linkages via international trade, immigration, foreign direct investment, and financial markets for more than 100 countries.

Coronavirus - The Global Economic Threat

The outbreak has already become highly disruptive to China; the U.S. will not be immune.

Perspectivas Económicas para América Latina 2020: Preguntas y Respuestas

Preguntas y Respuestas

CMF Proposes Rules on Credit Risk-Weighted Assets and Capital Buffers

CMF is consulting on two new regulations: one regulation covers the methodology for determining credit risk-weighted assets while the other one relates to the assessment of compliance with capital buffers.

IMF Reports Assess Financial Sectors in Canada and Peru

IMF published several technical notes under the Financial Sector Assessment Program (FSAP) on Canada.

BCRA Updates Regulation on Capital Requirements and Information Regime

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

BCB on Innovation Projects Selected for LIFT 2019 Edition

BCB notified that the Laboratory for Financial and Technological Innovations (LIFT), developed by BCB and Fenasbac, has resulted in 17 new projects for innovation in the National Financial System (SFN).

BCB Prepares Supplementary Draft Law on Bank Resolution

BCB notified that the supplementary draft law (PLP 281/2019) on banking resolution has been submitted to Congress.

Perspectivas Económicas para América Latina 2020

América Latina registrará una ligera recuperación en el 2020, después de un estancamiento en 2019.

BCB Publishes Proposal for Regulatory Sandbox

BCB proposed "normative acts" for the controlled testing environment for financial and payment innovations (regulatory sandbox) and on the conditions for provision of products and services in the context of this environment and within the National Financial System and the Brazilian Payments System.

BCB Consults on Regulation for Implementation of Open Banking System

BCB published a consultation on the regulation for implementation of open banking system for financial and other institutions authorized to operate by BCB.

CMF Proposes Standard on Information Security and Cyber Security

CMF is consulting on the standard for management of information security and cyber security.

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.

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.