beSpacific · @bespacific
748 followers · 1207 posts · Server newsie.social
#CreditSuisse, the #beleaguered #Swiss #banking giant, has agreed to a takeover by Switzerland’s largest bank, #UBS — a move aimed at staving off immediate concerns of a #disorderly #bankruptcy and stemming #panic about #global #financial #turmoil. #FinancialStability #GlobalFinancialSystem #SystemicRisj #GSIB #FinancialCrisis #FinancialRegulation #CentralBanks https://www.washingtonpost.com/business/2023/03/19/ubs-credit-suisse-deal/
#creditsuisse #beleaguered #swiss #banking #UBS #disorderly #bankruptcy #panic #global #financial #turmoil #financialstability #globalfinancialsystem #systemicrisj #gsib #financialcrisis #financialregulation #centralbanks
Cory Doctorow's linkblog · @pluralistic
39475 followers · 36882 posts · Server mamot.frIf you're interested in the minutiae of this, Levitin's piece is short and clear - there's no automatic tort-based claim that would let the FDIC get the money back from the investors, because SVB isn't classed as a really big bank (a "#GSIB").
As for #DoddFrank's #SourceOfStrength doctrine, it "doesn't create any concrete financial liability—it's just exhortatory."
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#gsib #doddfrank #sourceofstrength
beSpacific · @bespacific
726 followers · 1174 posts · Server newsie.social
New fears for #stability of the #global #FinancialSystem rattled financial markets on Wednesday, after #CreditSuisse acknowledged it found “material weakness” in its #financial reporting, adding uncertainty to the already jittery banking sector in the wake of Silicon Valley Bank’s collapse. Shares of Credit Suisse were down 20 percent on the news. #European #Banking #FinancialStability #GlobalFinancialRisk Risk #SystemicRisk #GSIB https://www.washingtonpost.com/business/2023/03/15/svb-banking-credit-suisse-stocks/
#stability #global #financialsystem #creditsuisse #financial #european #banking #financialstability #globalfinancialrisk #systemicrisk #gsib
beSpacific · @bespacific
710 followers · 1145 posts · Server newsie.socialAn analysis of #regulatory #filings reveals that 1,074 firms—from #AndreessenHorowitz to #GeneralCatalyst were holding capital at #SiliconValleyBank in 2022 #GSIB #SystemicRisk #Banking #FinancialStability #FinancialCrisis #FinancialRegulations https://fortune.com/2023/03/12/venture-firms-custodied-silicon-valley-bank/
#regulatory #filings #andreessenhorowitz #generalcatalyst #siliconvalleybank #gsib #systemicrisk #banking #financialstability #financialcrisis #financialregulations
Miguel Faria e Castro · @mfariacastro
254 followers · 86 posts · Server econtwitter.net
RT @FinStbBoard@twitter.com
We have published our 2022 list of global systemically important banks. One bank moves into a higher bucket, and two banks move to a lower bucket.
👉Find out more here: https://www.fsb.org/2022/11/fsb-publishes-2022-g-sib-list/
🐦🔗: https://twitter.com/FinStbBoard/status/1594635294355394560
cetier1 · @cetier1
58 followers · 186 posts · Server mastodon.nz
RT @FinStbBoard@twitter.com
We have published our 2022 list of global systemically important banks. One bank moves into a higher bucket, and two banks move to a lower bucket.
👉Find out more here: https://www.fsb.org/2022/11/fsb-publishes-2022-g-sib-list/
🐦🔗: https://twitter.com/FinStbBoard/status/1594635294355394560