As banks topple, regulators face reckoning

Banking
Monday, 13 Mar 2023

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In this photo illustration, Silvergate Capital Corporation

NEW YORK: Last Monday, the head of the Federal Deposit Insurance Corp (FDIC) warned a gathering of bankers in Washington about a US$620bil (RM2.8 trillion) risk lurking in the US financial system.

Last Friday, two banks had succumbed to it. Whether US regulators saw the dangers brewing early enough and took enough action before this week’s collapse of Silvergate Capital Corp and much larger SVB Financial Group is now teed up for a national debate.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWD1	0.210	0.210	0.195	0.205	-0.015	-6.82	1,709,840
HSI-CWEJ	0.160	0.170	0.160	0.165	0.010	6.45	1,479,481
HSI-CWEO	0.145	0.155	0.145	0.145	0.000	0.00	1,143,425
HSI-CWCY	0.165	0.170	0.160	0.160	0.005	3.23	591,659
HSI-PWD7	0.225	0.230	0.215	0.225	-0.025	-10.00	573,539
HSI-PWFJ	0.205	0.205	0.195	0.205	-0.005	-2.38	360,005
CLITE	0.230	0.235	0.220	0.225	-0.025	-10.00	341,949
HSI-CWCM	0.160	0.170	0.150	0.155	0.010	6.90	305,961
RENEUCO	0.050	0.060	0.050	0.055	0.005	10.00	287,968
XIAOMI-C36	0.220	0.220	0.215	0.215	0.000	0.00	168,992
HSI-PWFM	0.140	0.140	0.135	0.140	-0.005	-3.45	165,003
EDEN-WC	0.035	0.035	0.025	0.030	0.025	500.00	145,521
HSI-CWA5	0.060	0.060	0.035	0.035	-0.010	-22.22	106,500
BORNOIL-WE	0.005	0.005	0.005	0.005	0.000	0.00	101,922
JCY	0.430	0.430	0.405	0.415	-0.010	-2.35	94,878

As banks topple, regulators face reckoning