March 17, 2023/Fitch Ratings Fitch continues to monitor the rapidly changing funding and liquidity environment for U.S. banks, and has been evaluating its rated bank portfolio to ascertain deposit flows, particularly over a stressful period beginning just prior to the failure of SVB Financial to the present. Funding and liquidity […]
OPINION/EDITORIAL
MPC Likely to Maintain Hawkish Stance
March 17, 2023/FBNQuest In January, the monetary policy committee (MPC) voted to raise the policy rate by 100bps to 17.5% in a bid to curb rising inflationary pressure. Today, we look at the personal statements of MPC members as they appear in the more detailed version of the recently released […]
US Bank Failures Highlight Stablecoin Counterparty Risks
March 17, 2023/Fitch Ratings The immediate risk to US dollar stablecoin issuers posed by the failure of US banks acting as custodians for their deposits appears to have receded, but recent developments have highlighted the issuers’ exposure to contagion and counterparty risk, Fitch Ratings says. In January 2023, Fitch […]
