The End of the BINO

The End of the BINO

by | Dec 8, 2025 | Risk Report

Can a financial institution call itself a bank without having a banking license, that is, be a Bank In Name Only (BINO)? Recently, the central bank of Brazil announced that using the word bank in the name requires permission and the fulfillment of particular capital...
Same Buffer, Different Take

Same Buffer, Different Take

by | Jul 28, 2025 | Risk Report

We recently mentioned that the US regulators have asked the large banks to comment on a proposal to recalibrate—and most likely lower—what is called the supplementary leverage ratio. The supplementary leverage ratio determines the extra capital buffer large banks have...
The Banks Were Good Again

The Banks Were Good Again

by | Jul 14, 2025 | Risk Report

At the end of June, the Federal Reserve released the results of the 2025 Dodd Frank Act Stress Test (DFAST). This is the annual test where banks send their balance sheets to the Fed which then works their scenarios and models to predict how the banks will fare through...