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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.
Capital / Liquidity
SVB Financial Files for Chapter 11 Bankruptcy Protection
By Editors | 20/03/2023
The bankruptcy filing means SVB Financial can apply to the courts to resume activities while it looks for buyers for its assets.
Capital / Liquidity
Swiss Regulators Orchestrate UBS Takeover of Credit Suisse
By Manesh Samtani | 20/03/2023
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
Capital / Liquidity
China Responds to US Banking Crisis With RRR Cut
By Editors | 19/03/2023
State media said the RRR cut reflects the Chinese government’s “responsibility to the world” after it resisted following the US in raising interest rates.
Capital / Liquidity
South Korea to Enhance Banks’ Ability to Absorb Losses
By Editors | 17/03/2023
Regulators intend to introduce a new capital buffer system which will be based on banks’ risk management and stress test results.
Capital / Liquidity
Credit Suisse to Borrow Over $50b from Central Bank Facilities
By Editors | 17/03/2023
The bank will also repurchase some of its senior debt securities as part of efforts to manage its liability composition and optimise interest expense.
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