CAPITAL / LIQUIDITY

Capital / Liquidity

JPMorgan to Assume First Republic Bank’s Deposits and Loans

By Manesh Samtani | 01/05/2023

The FDIC will provide loss share agreements as well as $50bn in financing. The cost to the Deposit Insurance Fund is estimated at $13bn.

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.