News Centre

Japan Financial Services Agency: Information On COVID-19 (Novel Coronavirus)

Date 13/03/2023

* Update of the English website may take a little time. For the latest information, please refer to our Japanese website.

Statement By SEC Chair Gary Gensler On Current Market Events

Date 12/03/2023

"In times of increased volatility and uncertainty, we at the SEC are particularly focused on monitoring for market stability and identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly. Without speaking to any individual entity or person, we will investigate and bring enforcement actions if we find violations of the federal securities laws."

Joint Statement By US Treasury, Federal Reserve, And FDIC

Date 12/03/2023

The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.

Federal Reserve Board Announces It Will Make Available Additional Funding To Eligible Depository Institutions To Help Assure Banks Have The Ability To Meet The Needs Of All Their Depositors

Date 12/03/2023

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.

Superintendent Adrienne A. Harris Announces New York Department Of Financial Services Takes Possession Of Signature Bank

Date 12/03/2023

Superintendent Adrienne A. Harris announced today that the New York Department of Financial Services (DFS) has taken possession of Signature Bank, pursuant to Section 606 of New York Banking Law, in order to protect depositors. DFS appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank. 

Readout: From March 9 To March 11, U.S. Candidate For World Bank President Ajay Banga Continued His Global Listening Tour In London, United Kingdom.

Date 12/03/2023

On March 9, Banga met with senior British government officials including Chancellor of the Exchequer Jeremy Hunt, and Minister of State for Development and Africa Andrew Mitchell. In those meetings, Banga exchanged views with British officials on the need to deliver on the World Bank’s core goals of eliminating extreme poverty and expanding shared prosperity while also addressing intertwined challenges like climate change, pandemics, and fragility. Banga also reiterated the importance of stretching the World Bank’s available resources — including through steps outlined in the G20’s Capital Adequacy Framework — while also mobilizing private capital. Banga thanked the officials for the United Kingdom’s support for his candidacy.

An Update From UK Chancellor Jeremy Hunt On Silicon Valley Bank UK

Date 12/03/2023

The Bank of England announced on Friday that Silicon Valley Bank UK is set to enter insolvency, following action taken by its parent company in the United States. The Bank of England confirmed in its announcement that Silicon Valley Bank has a limited presence in the UK and does not perform functions critical to the financial system.

Tehran Stock Exchange Weekly Market Review 4 March 2023 To 8 March 2023

Date 11/03/2023

Click here to download Tehran Stock Exchange's weekly market review.

Court Grants Preliminary Approval To Second Settlement In CalPERS Long-Term Care Class Action

Date 10/03/2023

CalPERS and attorneys representing plaintiffs today announced that a judge has granted preliminary approval to a new, second settlement of the class action lawsuit involving the CalPERS Long-Term Care (LTC) Program, known as Wedding, et al. v. CalPERS.

The U.S. Economic Recovery In International Context, By: Assistant Secretary For Economic Policy Benjamin Harris And Deputy Assistant Secretary For Macroeconomic Policy Tara Sinclair

Date 10/03/2023

OVERVIEW

With the American Rescue Plan’s two-year anniversary approaching on March 11, 2023, this blog post revisits the economic impact of pandemic response policies of the Biden Administration. The economic recovery from the pandemic in the United States has been historic relative to prior episodes with employment recovering to pre-crisis levels much faster than after recent recessions. And while a counterfactual recovery is impossible to observe, data suggests that the actions taken by the Biden Administration meaningfully contributed to the pace of recovery and strength of the labor market. One way to put this rebound in context is relative to recoveries in other advanced economies.  Acknowledging that other advanced economies faced different economic shocks—notably, our European partners were more adversely affected by Russia’s war against Ukraine—the evidence shows that the U.S. economic recovery has been quite strong.