CAPITAL / LIQUIDITY

Big Picture

BIS Paper Calls for Fiscal Reforms to Support Financial Stability

By Mark Johnston | 18/04/2023

A new BIS paper proposes policy measures to tackle the risks that arise from the link between fiscal policy and financial stability.

Capital / Liquidity

Korea to Ease Rules on Overseas Business by Certain Securities Firms

By Editors | 17/04/2023

The revisions will enable overseas subsidiaries of “comprehensive financial investment service providers” to provide corporate credit in overseas markets more easily.

Capital / Liquidity

Chinese D-SIBs to Start Issuing TLAC Bonds by June

By Editors | 17/04/2023

China’s four G-SIBs have started working on issuing their first TLAC bonds. Each bank is planning to raise at least CNY 10 billion.

Capital / Liquidity

Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries

By Editors | 16/04/2023

UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.

Capital / Liquidity

FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure

By Manesh Samtani | 14/04/2023

SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.

Capital / Liquidity

Taiwan FSC Orders Insurers to Raise RBC Ratios or Face Takeover

By Editors | 13/04/2023

The FSC has ordered CTBC, Fubon, Tokio Marine and Hotai to raise capital by the end of June this year or face takeover within 90 days.

Capital / Liquidity

UBS-Credit Suisse Merger Continues to See Opposition

By Editors | 13/04/2023

Swiss lawmakers symbolically voted against a liquidity package to support the merger, which is expected to formally close within a few months.

Capital / Liquidity

Recent Banking Sector Turmoil to Inform FSB’s Policy Work

By Editors | 12/04/2023

FSB working with BCBS to analyse and learn from recent banking sector turmoil. Cyber incident reporting recommendations also finalised.

Big Picture

Report Examines Policy Implications of US Bank Bailouts

By Mark Johnston | 11/04/2023

Congressional Research Service report examines policy issues raised by the systemic risk exception invoked for SVB and Signature Bank.