FDIC Releases New FAQs, Designated Exception on Brokered Deposits
The FDIC this week released three new frequently asked questions on its brokered deposits rule, which took effect in April 2021.
Browsing: Liquidity
Fed: Banking System Conditions Improved in 2021 as Banks Remain Strong
The financial condition of the banking system remained strong and improved during the first half of 2021, despite some lingering concerns, the Federal Reserve found in its latest supervision and regulation report released today.
Fed Issues Proposal Aimed at Improving Intraday Liquidity Management
The Federal Reserve today asked for comments on proposed changes to its payments system risk policy that would expand access to collateralized intraday credit from the Federal Reserve Banks.
Moynihan: Time to Revisit SLR in Light of Pandemic
Bank of America Chairman and CEO Brian Moynihan told lawmakers today that “it’s important to look at [the Supplemental Leverage Ratio] again and make sure it’s calibrated correctly,” in light of lessons learned from the COVID-19 pandemic.
FDIC: Banks Remain Resilient Despite Pandemic
The FDIC today said that the banking industry remained resilient entering 2021, despite the extraordinary challenges of the pandemic. In its annual risk review publication, the agency said that the banking sector in 2020 was helped by strong capital and liquidity levels and “was a source of stability to the economy.”
Fed: Banks Demonstrated Financial, Operational Resilience During COVID-19
Throughout the COVID-19 crisis, “the benefits of a resilient banking system have been evident” as banks’ “strong capital and liquidity positions” have enabled the pandemic recovery, the Federal Reserve said today in its supervision and regulation report.
ABA Urges SEC to Reform MMFs Without Focusing on Regulated Banks
In a comment letter today, ABA told the Securities and Exchange Commission that any reform of money market funds should not focus on regulated banks, which have been a source of strength during the pandemic.
Quarles: FSB Weighing ‘Consequential’ Proposals to Boost MMF Resilience
Following significant liquidity strains—particularly among money market mutual funds—at the outset of the COVID-19 pandemic last March, the Financial Stability Board will publish a report in July outlining “consequential policy proposals” to improve MMF resilience.
ABA Weighs in on Proposed GSE Liquidity, Resolution Planning Requirements
In two comment letters to the Federal Housing Finance Agency last week, the American Bankers Association weighed in on proposed changes to liquidity requirements for Fannie Mae and Freddie Mac, as well as proposed changes to resolution planning requirements for the two GSEs.
Brainard: Banks’ COVID-19 Resilience Shows Importance of Strong Capital, Liquidity Buffers
In remarks at a virtual industry event today, Fed Governor Lael Brainard commented on the strong performance of the banking sector during the COVID-19 pandemic, emphasizing that strong capital and liquidity positions will continue to be important as banks continue to face a high degree of uncertainty.