#IDI

Home/Tag:#IDI
27 01, 2023

DAILY012723

2023-01-27T17:09:47-05:00January 27th, 2023|2- Daily Briefing|

IOSCO Report Calls for More Hedge-Fund Liquidity Data, Studies Continue on MMFs/OEFs

IOSCO today released its Investment Funds Statistics Report, consisting almost entirely of data on matters such as leverage, portfolio liquidity, and fund exposures.  The paper also mentions recent SEC proposals to amend the investment adviser reporting form and to require more frequent portfolio reporting.

Fed Takes Tough Stand Against Wyoming Crypto Charter

The Federal Reserve today took two policy-making actions cracking down on non-traditional charters.  We will shortly provide clients with an alert and then an in-depth analysis of a new Fed policy redefining state-member bank charter powers.

Fed Not Only Quashes Custodia, But Also Constrains Non-Traditional Charter Powers

In addition to rejecting Custodia’s member application (see prior FedFin alert), the Fed today issued a sweeping policy statement scuttling efforts to use uninsured state member banks for activities  impermissible for state IDIs and, in most cases, those allowed for national banks.

White House Expands Crypto Legislative Demands

In a new White House crypto “roadmap,” National Economic Council Director Brian Deese largely reiterated actions such as those by the Fed today and ongoing efforts to block AML and sanctions violations in this volatile sector.

Daily012723.pdf

15 07, 2022

DAILY071522

2023-01-06T15:01:21-05:00July 15th, 2022|2- Daily Briefing|

FDIC Addresses Swept Funds Brokered Treatment

Doubtless reflecting Acting Chairman Gruenberg’s tougher approach to brokered deposits, the FDIC today tightened its current rule (see FSM Report DEPOSITINSURANCE111) via new interpretation.  This states that swept funds received from unaffiliated broker-dealers under the primary-purpose exception must be considered brokered if any third parties qualifying as deposit brokers are involved.

BIS Evaluates Macro-Financial Stability Frameworks

BIS today sent the G20 a report on macro-financial stability frameworks and external financial conditions.  It includes an analysis of macroprudential policy, foreign exchange interventions, and capital flow management measures along with an overview of scenarios in which these may be implemented through complementary monetary and fiscal policies.

Daily071522.pdf

28 06, 2022

FedFin on: DIF Premium Assessments

2023-01-25T13:58:14-05:00June 28th, 2022|The Vault|

The FDIC is proposing to raise base Deposit Insurance Fund (DIF) assessments by two basis points (BPS) to replenish the DIF by the statutory deadline to reflect deposit inflows that the FDIC no longer expects to be temporary.  Even after the DIF reaches its minimum ratio, the added assessments would continue to restore the fund to a more ample reserve.  This will increase costs at insured depository institutions (IDIs), in some cases likely by sizeable amounts likely to alter business strategy in ways that might dampen economic growth….

The full report is available to retainer clients. To find out how you can sign up for the service, click here and here.…

28 06, 2022

DEPOSITINSURANCE114

2023-01-25T13:58:07-05:00June 28th, 2022|1- Financial Services Management|

DIF Premium Assessments

The FDIC is proposing to raise base Deposit Insurance Fund (DIF) assessments by two basis points (BPS) to replenish the DIF by the statutory deadline to reflect deposit inflows that the FDIC no longer expects to be temporary.  Even after the DIF reaches its minimum ratio, the added assessments would continue to restore the fund to a more ample reserve.  This will increase costs at insured depository institutions (IDIs), in some cases likely by sizeable amounts likely to alter business strategy in ways that might dampen economic growth.  However, scant DIF resources under acute stress might trigger not only the need for another taxpayer infusion into the FDIC, but also demands for more stringent regulatory and resolution standards.

DEPOSITINSURANCE114.pdf

Go to Top