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Prudential Risk
Resolution & Recovery
FDIC Running Two Separate Auctions for SVB Assets This Week
By Editors | 22/03/2023
SVB and its private bank may be sold separately. First Citizens BancShares, Apollo Global Management, and a group of VC firms are considering bids.
Liquidity Risk
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.
Liquidity Risk
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.
Resolution & Recovery
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.
Liquidity Risk
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.
Emerging Prudential Risks
CBIRC Overhauls Regulatory System for Trust Industry
By Editors | 20/03/2023
Trust companies have three years to adapt to the new rules, but plans for how they will do so need to be submitted to the CBIRC within 30 days.
Liquidity Risk
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.
Conduct, Culture & Accountability
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.
Resolution & Recovery
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 Adequacy
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.
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