Bank of England Governor Andrew Bailey says the world should expect a “wrestle” between US policy and international regulators over stablecoins, which he views as a potential financial stability risk. Bailey argues some US-issued stablecoins may not be easily converted into dollars without routing through crypto exchanges, limiting access during crises. He also warns that if stablecoins become widely used for cross-border payments, hard-to-convert tokens could flow to jurisdictions like Britain, which promise stronger convertibility obligations.
India’s biggest banks are publishing increasing climate disclosures, but the data is not being used to steer lending decisions. As physical risks like flooding and extreme heat intensify, they threaten loan portfolios. Only a small number conduct climate stress tests or reduce coal exposure. The RBI supplies information but has not made disclosures mandatory, raising fears of financial instability and stranded assets.
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The RBI has repatriated 104.23 metric tonnes of gold from the UK to domestic vaults in the second half of FY26, continuing a third straight year of high-security “gold lifts.” With this move, about 77% of India’s total gold reserves are stored within the country, strengthening sovereign security and reducing exposure to global geopolitical risks.
The IMF says AI powered tools are set to fuel cyberattacks that threaten global financial stability. With finance systems deeply interconnected, a single breach can rapidly spread risk. The IMF urges stronger international cooperation and faster defenses, warning that emerging economies may be hit harder due to weaker cybersecurity infrastructure and preparedness.
Fifteen years after Basel III was meant to standardize bank capital rules globally, national regulators are applying it unevenly. The US, Europe and India are prioritizing local economic and political goals, creating different capital requirements across jurisdictions. The result is a less comparable international banking system where banks face shifting buffers rather than one common standard.
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