While higher interest rates contributed to the recent bank failures, high levels of capital and moderate risk exposures mean that a large majority of U.S. banks are resilient to potential strains from higher rates, the Federal Reserve said in its latest financial stability report.
The council said the updates would provide increased visibility into how it performs its duties, as well as enhance its ability to address financial stability risks.
Flagstar Bank, N.A., a subsidiary of Long Island-based New York Community Bancorp, has agreed to assume substantially all the deposits and purchase certain loan portfolios of Signature Bridge Bank, N.A., the FDIC said today.
To improve the swap lines’ effectiveness in providing U.S. dollar funding, the Federal Reserve and five central banks have agreed to increase the frequency of seven-day maturity operations from weekly to daily, the Fed announced Sunday.
The Financial Stability Board this week laid out several steps it will take in the future to evaluate and possibly reduce the financial stability risks posed by decentralized finance, or defi.
Potential new regulatory requirements to cushion the economic effects of certain large bank failures would not result in real benefits to the financial system or the public, ABA said today in a letter to Federal Reserve and FDIC.
Economic uncertainty and rising borrowing costs have increased risk in both the residential and commercial real estate sectors, which could increase risks to U.S. financial stability, the Financial Stability Oversight Council warned in its annual report.
Thee American Bankers Association said it supported the recommendations in two recent reports on establishing a proposed framework for the international regulation of cryptoasset activities, but the association also had some recommendations for what should be included in the final framework.
The Financial Stability Board will continue to focus its efforts in 2023 on bank resolution preparedness, and completing resolution frameworks for central counterparties and insurers, according to the group’s resolution report.
Federal Reserve Vice Chair for Supervision Michael Barr previewed potential changes that could come out of a “holistic review” of bank capital standards that the agencies are currently undertaking.