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-0.000188757317828138 -0.000188757317828138 0.00114030399239255 0.00246426333981009 0.00031123503688061 0.00361475595192045 0.000334193869494708 0.00150509433281776
Stock impact report

Bank of Italy scrutinises smaller banks' funding from online deposit platforms [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
platforms, ?the Bank of Italy said on Wednesday, as regulators step ?up monitoring of the practice. Online deposits allow banks to raise retail deposits digitally, often ?on a cross-border basis, by giving savers access to deposit accounts offered by multiple banks through a single interface. The March 2023 banking turmoil, where rapid online deposit outflows led to the collapse of Silicon Valley Bank in ?the United States, has ?increased supervisory concerns about lenders' reliance on deposits that customers can withdraw with a click. After studies found that digital ?deposits can accelerate outflows at times of stress, regulators are checking whether they are adequately monitoring and measuring lenders' liquidity risks from their increased use ?of digital ?funding channels, the Bank of Italy ?said in its latest Financial ?Stability Report. Such risk could be higher still for smaller banks which traditionally rely on a narrower pool of funding sources. These Less Significant Show less Read more
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