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California regulator to heighten scrutiny of banks with US$50 billion or more in assets

Reuters have the info on a report released Monday (US time) by California's Department of Financial Protection and Innovation (DFPI). said that in future the California regulator would apply heightened scrutiny to banks with $50 billion or more in assets and high levels of uninsured depositsalso said DFPI planned to require banks to consider how to manage risks created by social media and real-time withdrawals, which can intensify and accelerate bank runsDFPI played a supporting role, with prima... Read More

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California

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Heighten

Scrutiny

Banks

With

Us

50 Billion

Assets

Forex

Posted: May 8 2023, 22:41

Author Name: forexlive

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