The FDIC proposes to require lenders with more than $50bn in assets to cover 95% of the losses associated with the SVB and Signature Bank failures.
May 15, 2023In the years leading up to SVB's failure, DPFI identified deficiencies at the bank, but "did not take adequate steps" to ensure they were resolved quickly.
May 14, 2023Michelle Bowman urges targeted and evidence-based reforms to address the root causes of the recent spate of bank failures.
May 13, 2023The FSC will ease requirements on potential buyers to prove their financial capacity and set up facilities to help finance M&A activity.
May 9, 2023Ongoing stresses in the banking system could lead to a broader contraction in credit, resulting in a "marked slowdown in economic activity".
May 9, 2023IMF staff said credit risk will "likely continue to materialise", and banks should properly recognise and provision for credit losses, including those from Mainland property exposures.
May 8, 2023PE funds must have at least 10mn yuan under management to remain in operation. Firms with more than 2bn yuan under management will have to undergo regular stress tests.
May 7, 2023The 2023 TechSprint will focus on technology solutions to address illicit finance risk, FX and liquidity solutions, and technology for CBDC platforms.
May 5, 2023There is concern that PacWest might be the next bank to fail, though it is smaller than SVB and First Republic and has 75 percent of its deposits insured.
May 5, 2023CMIM guidelines were updated to allow members to provide liquidity support in their own domestic currency and the local currencies of other members.
May 5, 2023