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#gsib — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #gsib, aggregated by home.social.

  1. CW: Long thread/4

    If 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."

    4/

  2. CW: Long thread/4

    If 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."

    4/

  3. 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 #SiliconValleyBank collapse. Shares of Credit Suisse were down 20 percent on the news. #European #Banking #FinancialStability #GlobalFinancialRisk Risk #SystemicRisk #GSIB washingtonpost.com/business/20

  4. 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 #SiliconValleyBank collapse. Shares of Credit Suisse were down 20 percent on the news. #European #Banking #FinancialStability #GlobalFinancialRisk Risk #SystemicRisk #GSIB washingtonpost.com/business/20