The Australian Prudential Regulation Authority (APRA) has requested local banks report on their cryptocurrency transactions and disclose their exposures to startups and crypto-related companies. The regulatory body is seeking to obtain a deeper understanding of potential risks and exposures in the system and, as such, has requested daily updates from ...
According to reports, US officials are exploring the possibility of temporarily extending Federal Deposit Insurance Corporation (FDIC) coverage to all deposits in response to concerns raised by a group of banks about a potential financial crisis. The Treasury Department staff are examining whether federal regulators have the necessary emergency authority ...
The U.S. Federal Reserve has announceda collaboration with five global central banks to ensure the availability of U.S. dollars in light of recent banking failures in both the United States and Europe. This was made known in an announcement by the agency on March 19, 2023. Coordinated central bank action ...
Signature Bank, a financial institution known for its favourable stance toward cryptocurrencies, has been acquired by Flagstar Bank, a subsidiary of New York Community Bancorp, just a week after it collapsed. On March 19, 2023, the Federal Deposit Insurance Corporation (FDIC) revealed that a purchase and assumption agreement had been ...
