Bank Wire – Regulators focusing on liquidity risk management

Description

Abstract: This brief summary of recent developments in banking lists eight critical elements of sound liquidity risk management from the 2010 “Interagency Policy Statement on Funding and Liquidity Risk Management (SR 10-06).” It also notes that some federal regulatory agencies are cracking down on “junk fees” charged by some banks and businesses. Finally, it raises an alarm about a recent virtual currency investment scam known as “pig butchering.”