Canada's banking regulator is increasing monitoring of domestic banks' financial health as the fallout from Silicon Valley Bank's collapse reverberates around the world, The Globe and Mail reported on Monday.
The Office of the Superintendent of Financial Institutions took steps to begin daily check-ins with banks that will enable it to monitor their
liquidity, the report added.took temporary control of SVB's unit in the country, adding that it is seeking to gain permanent control of the Canadian branch's assets.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Baca lebih lajut »
Silicon Valley exhales after US intervenes in SVB collapseA wave of relief swept over Silicon Valley Sunday following a tense weekend of board meetings, emergency funding plans and pleas for help after regulators stepped in to backstop the region’s embattled namesake bank.
Baca lebih lajut »
Silicon Valley Firms Expect Changes in Financial Methods After SVB DisasterStartups and venture investors voice relief at federal decision to protect Silicon Valley Bank depositors, but see need for new banking practices
Baca lebih lajut »
Silicon Valley Bank Collapse: US Moves to Protect Deposits, HSBC to Buy SVB's UK SubsidiaryGovernments in the U.S. and Britain are taking extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank.
Baca lebih lajut »
Silicon Valley Bank collapse: How SVB stock price performed in 5 yearsSilicon Valley Bank had been rated as one of the top banks in America for five years before its closure by U.S. regulators in March 2023.
Baca lebih lajut »
SVB collapse: HSBC buys Silicon Valley Bank's UK branch for just over $1HSBC acquired the U.K. branch of the failing Silicon Valley Bank for just 1 pound, or $1.21.
Baca lebih lajut »