CAPITAL / LIQUIDITY

Capital / Liquidity

Secretary Yellen Indicates Intent to Protect Smaller Banks

By Manesh Samtani | 22/03/2023

US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.

Capital / Liquidity

US Banks Consider Fresh Efforts to Stabilise First Republic Bank

By Editors | 21/03/2023

The 11 banks which agreed to deposit $30bn into First Republic Bank last week are considering a direct capital infusion into the bank.

Crypto / Digital Assets

Flagstar Bank to Assume Signature Bank Deposits, FDIC Says

By Editors | 21/03/2023

The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.

Capital / Liquidity

US Bank Body Calls for Backstop to Cover All Midsized Lenders

By Editors | 20/03/2023

A group of midsized US lenders is calling on regulators to extend deposit protection to all deposits for the next two years to prevent a wider run on banks.

Capital / Liquidity

Multiple Reviews in 2021 & 2022 Identified Deficiencies at SVB

By Editors | 20/03/2023

Deficiencies were identified in 2021 but left unaddressed. Last year, Fed officials warned SVB executives about liquidity and the models used to calculate capital.

Enforcement

Biden Seeks to Hold Executives Accountable for Bank Failures

By Editors | 20/03/2023

Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.

Capital / Liquidity

IMF Approves $3b Funding Arrangement for Sri Lanka

By Editors | 20/03/2023

The Executive Board’s decision enables an immediate disbursement worth $333mn million. Sri Lanka agreed to fiscal, monetary, governance and anti-corruption reforms.

Capital / Liquidity

HKMA Proposes BELR, BCR Changes to Implement Basel III

By Editors | 20/03/2023

Proposed changes to the banking exposure limits rules and the banking capital rules are open for comment until 21 April.

Capital / Liquidity

Central Banks Coordinate Action to Ensure Global USD Liquidity

By Editors | 20/03/2023

From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.