For further information contact Kurt Schacht at Kurt.Schacht@cfainstitute.org
WASHINGTON, D.C.— May 3, 2023 The CFA Institute Systemic Risk Council has released its Spring 2023 Newsletter.
Each quarter, we will recap the activities of the CFA Institute Systemic Risk Council (SRC or the Council) and highlight the key systemic debates and challenges affecting global markets and regulators. This first issue of the year comes amidst significant concerns in the global banking realm as the disruptions with Credit Suisse, Silicon Valley Bank, and most recently First Republic Bank have sparked systemic alarms since early March. Other systemic areas of focus include:
- Addressing shadow banking and non-bank financial institutions
- Maintaining strong bank capital ratios and the supplemental leverage ratio
- Ensuring that money market funds and other open-end fund products have adequate liquidity risk management tools
- Preparing our global financial system for emerging economic shocks related to climate change