Fed, FDIC and OCC officials as well as former executives from failed banks testified before lawmakers this week.
May 18, 2023Michelle Bowman urges targeted and evidence-based reforms to address the root causes of the recent spate of bank failures.
May 13, 2023MAS will issue a consultation by the end of June on proposals to ensure Singapore's deposit insurance scheme remains fit for purpose.
May 11, 2023The Fed, FDIC and NYDFS say SVB and Signature Bank were mismanaged, but that regulatory and supervisory lapses also contributed to their failures.
May 2, 2023The proposal will facilitate the use of deposit guarantee schemes and resolution funds to shield depositors from bearing losses in banking crises.
April 21, 2023Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.
March 29, 2023Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.
March 23, 2023US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.
March 22, 2023Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
March 15, 2023US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
March 13, 2023