Oct 11, 08:15 AM

Central Bank Body and Better Markets Urge Enhanced Monitoring of Bank Liquidity Risks Following 2023 Banking Turmoil

In light of recent banking turmoil, a central bank body is advocating for enhanced monitoring of bank liquidity risks at the individual entity level. This call for more detailed oversight comes after regulators identified significant flaws in existing liquidity rules, which were highlighted during the banking challenges of 2023. Additionally, a comment letter from Better Markets emphasizes the importance of stronger oversight of third-party risks in the banking sector, particularly as reliance on fintech continues to grow. The organization urges the Basel Committee to strengthen its proposed principles regarding accountability and transparency in these areas.

#Better Markets #Basel Committee

Written with ChatGPT (GPT-4o mini).

Sources

Financial Times@FT
1 year ago
Recent banking turmoil exposed flaws in liquidity rules, say regulators https://t.co/Y9efy7Xsa9
PiQ@PiQSuite
1 year ago
🏦 Central bank body urges more detailed monitoring of bank liquidity risks at individual entity level, following lessons from 2023 banking turmoil Full Story → https://t.co/Wweg2cegK1 https://t.co/jXQULPArOs
Reuters Business@ReutersBiz
1 year ago
Central bank body calls for more detailed monitoring of bank liquidity risks https://t.co/qkcNS766eh https://t.co/9TAFEuAtqs

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Central Bank Body and Better Markets Urge Enhanced Monitoring of Bank Liquidity Risks Following 2023 Banking Turmoil

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