TELETRADER News
3/26, 4:10 AM
(Source: TeleTrader)
Japan regulator: Risk from Sillicone Valley Bank is low
Japan's Financial Services Agency (FSA) said on Sunday that the debt condition, liquidity and capital base of Japanese banks "are all stable." An agency official told the Financial Times that Silicon Valley Bank's situation is "completely different from that of Japanese regional banks."
The FSA said that Japanese banks are subjected to "higher capital and liquidity standards" compared to the American bank, and that "the risk of sudden bank withdrawals and cancellation of policies at life insurers is low." However, officials said they are conducting a review of securities bought by banks since 2011 and assessing potential risks.