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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.
Capital / Liquidity
Hong Kong Roundtable: Bankers Explore Evolving Risk Landscape
By Editors | 14/05/2023
Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.
Capital / Liquidity
California Regulator Concludes Reviews into SVB Failure
By Editors | 13/05/2023
In the years leading up to SVB’s failure, DPFI identified deficiencies at the bank, but “did not take adequate steps” to ensure they were resolved quickly.
Capital / Liquidity
HKMA Consults on Revised Large Exposures Reporting Templates
By Mark Johnston | 12/05/2023
The revisions aim to implement BELR changes, enhance credit risk monitoring, and address prudential reporting of related party transactions.
Big Picture
Fed Official Calls for Banking Reforms to be “Targeted” and “Thoughtful”
By Mark Johnston | 12/05/2023
Michelle Bowman urges targeted and evidence-based reforms to address the root causes of the recent spate of bank failures.
Big Picture
US Super-Regional Banks Bore the Brunt of SVB Failure: NY Fed
By Mark Johnston | 12/05/2023
Deposit withdrawals after SVB’s failure were limited to around 30 super-regional banks, according to a new study by the NY Fed.
Capital / Liquidity
MAS Considers Possible Changes to Deposit Insurance Scheme
By Sanday Chongo Kabange | 10/05/2023
MAS will issue a consultation by the end of June on proposals to ensure Singapore’s deposit insurance scheme remains fit for purpose.
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