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Big Picture
Too Big to Fail Reforms Don’t Work, says Swiss Official
By Manesh Samtani | 28/03/2023
Credit Suisse’s “too big to fail” emergency plan would have triggered an “international financial crisis”, according to Swiss finance minister Karin Keller-Sutter.
Capital / Liquidity
EU to Cooperate with Australia & NZ on Bank Resolution Planning
By Editors | 28/03/2023
The cooperation arrangements focus on bank resolution planning and its implementation for banks with cross-border operations.
Capital / Liquidity
Bank Exposures to Flood Risk Likely Compounded by Other Risks: RBNZ
By Editors | 27/03/2023
Bank capital ratios are resilient when each flood event is considered in isolation, but flood risk could potentially compound with other risks.
Capital / Liquidity
First Citizens Bank to Takeover SVB Deposits and Loans
By Manesh Samtani | 27/03/2023
The FDIC and First Citizens Bank & Trust Co will share the losses and potential recoveries on commercial loans made by SVB.
Capital / Liquidity
US Lender PacWest Facing Lawsuit Despite Securing Lifeline
By Editors | 27/03/2023
Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.
Capital / Liquidity
Industry Welcomes Regulator Commitments to Prioritise Bondholders
By Manesh Samtani | 24/03/2023
Regulators respond to Swiss decision to wipe out Credit Suisse bondholders by pledging to respect the bank rescue hierarchy in a crisis.
Capital / Liquidity
BCBS to Assess Financial Stability Risks of Higher Interest Rates
By Editors | 23/03/2023
The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.
Capital / Liquidity
Yellen Not Considering ‘Blanket Insurance’ for US Bank Deposits
By Editors | 23/03/2023
Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.
Capital / Liquidity
APRA Directs Banks to Declare Links to Crypto Firms
By Sanday Chongo Kabange | 23/03/2023
APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.
Crypto / Digital Assets
Stablecoin Reserves Should be Held at Central Banks: Circle
By Editors | 22/03/2023
Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.
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