The proposals, which would not require congressional approval, are a response to Silicon Valley Bank’s failure earlier this month, which sent shocks through the financial system.
Category: Regulation and Deregulation of Industry
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Biden Calls for Regulators to Increase Oversight of Certain Banks
The New York Times – Business: -
Lobbyists Begin Chipping Away at Biden’s $80 Billion IRS Overhaul
The New York Times – Business:The tax preparation industry is alarmed over the prospect that the Internal Revenue Service will devise its own free tax-filing system.
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Rift Between Gaming Giants Shows Toll of China’s Economic Crackdown
The New York Times – Business:Activision Blizzard and NetEase could not agree on a new deal to distribute video games in China, cutting millions of players from the games in January.
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SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
The New York Times – Business:Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
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How Far Can Regulators Go to Protect Uninsured Deposits?
The New York Times – Business:Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
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Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why.
The New York Times – Business:Lapses at the bank will be a focus as a top Federal Reserve official testifies to House and Senate committees this week.
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Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’
The New York Times – Business:The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.
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Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says
The New York Times – Business:The C.F.T.C. wants to permanently ban the cryptocurrency exchange and its founder from commodities markets.
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Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
The New York Times – Business:Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.