FDIC Staff Hint at Post-COVID Liquidity, Resolution Rewrites
The FDIC’s Systemic Resolution Advisory Committee meeting late last week provided new insight into how the FDIC would resolve large banks or nonbank SIFIs, providing unusual transparency into how single-point-of entry (SPOE) resolutions might be conducted and the extent to which the FDIC could handle a nonbank outside the reach of bank buffers and resolution plans.
FRB-NY: Continuing Large-Bank Dividends May Hinder Resilience, Recovery
Taking on recent assertions from FRB-Minneapolis President Kashkari that large banks remain significantly under-capitalized, the FRB-NY’s Liberty Street Economics blog today assessed large-bank resilience to hypothetical economic recession-and-recovery scenarios.
CFPB Opens Window for Early Consent-Order Termination
Opening a new avenue for enforcement relief, the CFPB today laid out how it will consider early consent-order termination applications.