CAPITAL / LIQUIDITY

Capital / Liquidity

Swiss Parliamentary Commission to Investigate Credit Suisse Deal

By Editors | 18/05/2023

The investigation’s exact mandate and the membership of the commission will be decided in legislative sessions which begin on 30 May.

Capital / Liquidity

CDS Payments Not Triggered by Credit Suisse Bond Wipe-out

By Editors | 18/05/2023

The EMEA Credit Derivatives Determination Committee was asked to rule on whether the Credit Suisse takeover should trigger insurance payouts on bonds.

Capital / Liquidity

FDIC Ordered to Return Tax Refund Cheques to SVB Financial

By Editors | 18/05/2023

The court ruled that the FDIC has no authority to intercept tax refund checks clearly written out to “SVB Financial”, the bankrupt former parent of Silicon Valley Bank.

Capital / Liquidity

Fed Plans to Toughen Capital, Liquidity Rules for Banks

By Manesh Samtani | 18/05/2023

Fed, FDIC and OCC officials as well as former executives from failed banks testified before lawmakers this week.

Capital / Liquidity

China’s Proposed Capital Rules to Align with Final Basel III

By Vivian Xue | 17/05/2023

Vivian Xue and Grace Wu at Fitch Ratings estimate the four Chinese G-SIBs will need to issue at least CNY 1.3 trillion in capital instruments by January 2025.

Enforcement

ECB Fines Goldman Sachs for Miscalculating RWA

By Editors | 17/05/2023

Goldman’s European unit reported lower RWA for credit risk than it should have done for eight consecutive quarters.

Capital / Liquidity

G7 Leaders Pledge to Maintain Resilience of Global Financial System

By Editors | 15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Capital / Liquidity

Supervisors Need More Guidance on Using Pillar 2 Tools

By Manesh Samtani | 15/05/2023

Many prudential risks that arise from rising interest rates are “beyond the scope of Pillar 1” and are “more effectively addressed” through a robust Pillar 2 supervisory review process.

Capital / Liquidity

FDIC to Charge Banks $16bn to Recover SVB, Signature Losses

By Manesh Samtani | 14/05/2023

The FDIC proposes to require lenders with more than $50bn in assets to cover 95% of the losses associated with the SVB and Signature Bank failures.