MADRID: US Federal Reserve Chair Jerome Powell said Thursday (Jun 29) that stronger regulation and greater agility was required in supervising the banking sector foll
"These events suggest a need to strengthen our supervision and regulation of institutions that are the size of Silicon Valley Bank," Powell said.
"What a bank run used to look like was people standing in line at an ATM" but what happened at SVB"wasn't about ATMs, it was about people on their phones ... able to move money very quickly", he said. In an April report into SVB's collapse, the Fed called for greater banking oversight while admitting its own supervisors had failed to take forceful enough action after identifying issues at the high-tech lender.
The collapsed banks shared two common characteristics:"Very poor interest rate risk management and ... a funding model involving large amounts of uninsured deposits".
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US Fed Chair Powell leaves door open to two straight rate hikes aheadWASHINGTON: US Federal Reserve Chair Jerome Powell said on Wednesday (Jun 28) that the central bank is leaving open the possibility of consecutive interest rate hikes
続きを読む »
US banks shrug off turmoil to ace Fed's annual health checksWASHINGTON: Big US banks sailed through the Federal Reserve's annual health check on Wednesday (Jun 28), in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook. The Fed's 'stress test' exercise showed lenders, including JPMorgan Chase,
続きを読む »
Quest for Real Madrid’s new right-back game changerReal Madrid's new era embraces emerging talents like Camavinga and Valverde, while recent signings strengthen the team's defense. Exciting season ahead! RealMadrid Football
続きを読む »
Crunch time in FTC fight against Microsoft deal to buy ActivisionWASHINGTON : Lawyers for the Federal Trade Commission and Microsoft, which is seeking to buy Activision Blizzard, trade their final blows and make their final points on Thursday before a judge who has been asked to tap the brakes on the proposed $69 billion transaction.The Federal Trade Commission has ask
続きを読む »
No cases of ‘Pink Whatsapp’ malware scam in Singapore: Police, cyber-security agencyThe app falsely claims to have better features, but allows scammers to access data on the device. Read more at straitstimes.com.
続きを読む »
Living near green space makes you 2.5 years younger: StudyExposure to green spaces has previously been linked with better cardiovascular health and lower rates of mortality. Read more at straitstimes.com.
続きを読む »