I’ll go into this in more depth in my weekly memo, but the FDIC’s vaunted plans for GSIB resolutions -- see Gruenberg speech yesterday (https://bit.ly/4aNmQmg) -- leaves so many critical questions unanswered as to make it still more likely that a GSIB or even just a large bank facing stress would ignite systemic risk. And, even if the FDIC were prepared for big-bank stress – it isn’t – there’s nothing constructive said re what it would do if a nonbank or FMU faltered. Fourteen years and counting since Congress gave the FDIC the tools to prevent more bailouts. #GSIB, #FDIC, #nonbank, #FMU, #banks #Gruenberg, #systemicrisk
Karen Petrou’s Post
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Recent modifications by the FDIC to its Insured Depository Institution (IDI) Resolution Plan Rule stand to change the nature of resolution submissions and associated capability expectations for covered IDIs. Partner and leader of our Resolution and Recovery Planning platform Robin Deutsch joined leaders from DPW, Chainbridge, and PWC to discuss the finalized rule, how ten years of evolving requirements will be addressed, and the action now required by ~45 banks. Watch the webinar replay here > https://lnkd.in/eRkDwVat #ResolutionPlanning #RRP #Treasury
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Not sure how CDARS and ICS accounts work? CDARS are a great resource for ensuring your large deposits are securely protected with additional FDIC coverage. When we place your funds through the ICS® and CDARS® service, IntraFi, your deposits are divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in demand deposit accounts or money market deposit accounts (using ICS®) or in CDs (using CDARS®) at multiple banks. As a result, you can access coverage from many institutions while working directly with only one institution. Want to learn more? Check out our website detailing how the process works and where you can reach us to get started: https://bit.ly/4feQFz4 #CommunityAssociations #HOABanking #HOAManagement
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Fractional Capital Markets Business Solutions & AI Risk Specialist @ Jade Services LLC | IT Project Management, Risk Assessments, Regulatory Playbooks, Quality Assurance Program Expert, Scrum Master Certified
#FHFA proposed amendments to the FHLB capital requirements that modifies extensions of unsecured credit limits, adds interest-bearing deposit accounts (IBDAs) and authorizes overnight investments to the exclusion similar to federal funds. I see positive impacts including increased borrowing options for IMBs, improved cost to yield, enhanced liquidity. The amendment benefits member institutions and Consumers, plus fosters market stability by including IBDAs and alternative overnight investments. End goal is market stability via increased access to credit & lower borrowing costs! #regulatoryrisk #riskadvisory #jadeservices provides #businessanalysis #regulatoryrisk #AIrisk #techrisk #riskadvisor
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Partner, Global Senior Regulatory Advisor, Financial Services Risk and Regulatory, PricewaterhouseCoopers
Recent modifications by the FDIC to its Insured Depository Institution (IDI) Resolution Plan Rule stand to change the nature of resolution submissions and associated capability expectations for covered IDIs. Partner and leader of our Resolution and Recovery Planning platform, @Geoff Dworkin , joined Davis Polk, Chain Bridge, and Oliver Wyman to discuss the finalized rule (as well as outstanding 165(d) proposals), the impact of the requirements, and the action now required by ~45 banks. Watch the webinar replay here > https://lnkd.in/eHQZT8A9 #ResolutionPlanning #RRP #Treasury
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Davis Polk partner and Financial Institutions practice head Meg Tahyar recently moderated two webinars on the FDIC’s finalized Insured Depository Institution (IDI) Resolution Plan Rule, one for each group created by the Rule. During “Changes Ahead: IDI Resolution Rule Finalization,” webinar speakers Jim McGraw, Robin Deutsch and Geoff Dworkin discussed the Rule, its impact to filers and how institutions should prepare for adhering to the Rule. Watch the webinar for $100B+ in total IDI assets: https://lnkd.in/eUJBu4_k Watch the webinar for $50 - $100B in total IDI assets: https://lnkd.in/e3554Qk3 #FinancialInstitutions #FDIC #ResolutionPlanning
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The RBA released its Financial Stability Assessment last week. The Assessment states in relation to Non-Bank Financial Institutions, inter alia: "While the overall risks in the Australian NBFI sector appear to be contained, data gaps (including in relation to CRE activities) prevent the identification of potential vulnerabilities in less-regulated NBFIs. As a result, member agencies of the Council of Financial Regulators continue to pursue work aimed at strengthening the visibility and monitoring of NBFIs’ activities in Australia". These "data gaps" represent a significant concern as it suggests that regulators may be flying blind. The RBA should be more transparent about the "data gaps" and about regulators' actions to close the gaps. #RBA #CouncilofFinancialRegulators #FinancialStability #EconomicStability #NBFI
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If you're a CDFI credit union and you're wondering, 'What the heck is a material event?' this blog is for you. We also explain how to report it, so check it out: https://loom.ly/xBocgws #creditunions #CDFIs #materialevent
Material Events: What They Mean for CDFI Credit Unions
custrategicplanning.com
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Curious about how we calculate income based on property cash flow for our DSCR program? Learn the specifics! https://lnkd.in/grhqQ859 #DSCR #homeloan #lendingsolutions
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The FDIC’s proposed amendment to its CIBCA regulations would give the FDIC greater oversight of investments by non-bank investors in holding companies of FDIC-supervised institutions. Read more: https://lnkd.in/gJXRbQsi #FinancialInstitutions #FDIC
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