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Capital / Liquidity
US Govt Accountability Office Shines Light on Causes of Bank Failures
By Sanday Chongo Kabange | 30/04/2023
GAO says regulators “did not escalate supervisory actions in time” to prevent the failures of Silicon Valley Bank and Signature Bank.

Capital / Liquidity
ECB Scrutinising Bond Losses at European Banks
By Editors | 30/04/2023
The ECB is asking banks about their practices for hedging interest rate risk, including to assess whether risks have been shifted to nonbanks.

AML / KYC
SFC Chief Julia Leung Offers View Into 2023 Priorities
By Manesh Samtani | 29/04/2023
Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

Capital / Liquidity
Standoff Could Push First Republic Bank into Receivership
By Manesh Samtani | 27/04/2023
Large banks are seeking government support to help First Republic Bank, but the government is currently unwilling to intervene.

Capital / Liquidity
Credit Suisse Reveals Scale of Outflows Pre-UBS Deal
By Manesh Samtani | 27/04/2023
UBS is expected to record up to $57bn in profits in Q2 as a result of the deal, the largest ever banking profit recorded.

Capital / Liquidity
RBNZ Proposes to Ease Mortgage Lending Restrictions
By Sanday Chongo Kabange | 27/04/2023
The RBNZ proposes to ease the existing LVR restrictions by 1 June as it now sees reduced risks to financial stability.

Capital / Liquidity
South Korea to Participate in Global Bank Stress Test
By Editors | 27/04/2023
South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

Capital / Liquidity
PBOC Urges Banks to Lower Deposit Interest Rates
By Editors | 26/04/2023
The guidance is aimed at directing savings into consumption and productive investments. PBOC official said deposit rate adjustments are a normal market phenomenon.

Capital / Liquidity
New York Fed Tightens Rules on Access to Reverse Repo Facility
By Editors | 26/04/2023
The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.

Capital / Liquidity
First Republic Bank Assesses Options to Regain Strength
By Editors | 25/04/2023
Earlier this week, the bank revealed that it witnessed $100bn in deposit outflows in Q1 this year, representing 58 percent of total deposits.
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