The OCC updated its guidance for examiners on assessing a bank's liquidity risk management practices.
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In remarks before the Investment Company Institute, SEC Chair Gary Gensler addressed risks associated with liquidity mismatches. He described initiatives to enhance liquidity risk management.
The SEC filed charges against an investment adviser of a mutual fund, as well as several of its trustees, for investments in illiquid assets that exceeded the amount allowed under the Liquidity Rule. The enforcement action is the first ever for the SEC involving Liquidity Rule violations.
President Joseph R. Biden urged banking regulators to adopt tougher capital rules to prevent the risk of future banking crises following the failure of Signature Bank and Silicon Valley Bank.
Treasury Secretary Janet Yellen described U.S. banking regulators' response to recent bank failures and highlighted Treasury's regulatory approach to risks posed by nonbank financial institutions.