The European Central Bank (ECB) announced significant changes to its operational framework for implementing monetary policy. This initiative aims to ensure the framework remains effective […]
Tag: liquidity
UK Regulatory Authorities Seek Feedback on Stablecoin Oversight
Financial authorities in the UK are actively soliciting feedback on their proposed regulatory approach to stablecoins. The Financial Conduct Authority (FCA) and the Bank of […]
SNB provides liquidity to support UBS’s takeover of Credit Suisse
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.