FDIC’s OIG Presses for Non-Capital PCA Triggers, Additional Supervisory Reform
The FDIC’s OIG report on First Republic’s failure is at least as scathing as its SBNY post-mortem.
Treasury Launches Anti-Crypto Enforcement Campaign
In remarks today from Deputy Secretary Wally Adeyemo, Treasury officially launched its anti-crypto sanctions and AML campaign.
Basel Proposes Sweeping Climate-Risk Disclosure Standards
Following the FSB’s finding that most banks were failing to provide meaningful climate disclosures, the Basel Committee today issued proposed climate-risk disclosure standards.
3Q Report Highlights AOCI Risk
The FDIC’s 3Q banking-condition report includes a stunning 22.5 percent rise in the total of HTM and AFS unrealized losses, which now stand at $683.9 billion.
Senate Banking Opens Private-Credit Inquiry
Senate Banking Chair Brown (D-OH) and Sen. Reed (D-RI) today asked FRB Vice Chair Barr, Acting Comptroller Hsu, and FDIC Chair Gruenberg to look into the risks private credit poses to the banking system.