The Reserve Bank’s stress testing of interest rate risk is stringent and universal
There is a global banking crisis under way the likes of which we have not seen since the global financial crisis. Could it affect SA’s banks? In a word, “no”.
The issues plaguing US banks and Credit Suisse in Europe are unique. The US mid-tier banking system crisis is reminiscent of the small banks crisis in SA that raged in the early 2000s. There are two principle causes of the US crisis: an outdated accounting treatment for those banks’ portfolios of government bonds, and an astoundingly light-touch regulatory approach that exempted banks with less than $250bn in assets from the stress tests that would have revealed the problems.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global bank turmoil: SA banks should be insulated - and there may be a silver lining | BusinessSouth African banks were left bleeding due to a global banking crisis, with billions shaved off their market value. But in the medium term, the crisis may have a silver lining for local clients and their banks. | News24_Business
Read more »
Bank fears return to haunt global stock marketsStocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders.
Read more »
Credit Suisse thrown $54bn lifeline in rush to ward off global bank crisisCredit Suisse will borrow up to $54bn (about R990bn) from Switzerland’s central bank to shore up liquidity and investor confidence, after a slump in its shares intensified fears about a global banking crisis.
Read more »
AI revolution goes global and localThe next generation of AI has arrived and, if it delivers on its promises, it will transform your life, writes Arthur Goldstuck.
Read more »
Credit Suisse thrown $54bn lifeline in rush to ward off global bank crisisCredit Suisse will borrow up to $54bn (about R990bn) from Switzerland’s central bank to shore up liquidity and investor confidence, after a slump in its shares intensified fears about a global banking crisis.
Read more »
ECONOMIC WEEK AHEAD: Inflation in the spotlight amid global financial turmoilCPI is expected to moderate slightly to 6.8% in February despite continued pressure on transport costs
Read more »