Large Bank Examination Workshop February 2026

Interbank Deposits, Unsecured Funding • Counterparty concerns led to the near cessation of interbank funding • The funding available was increasingly concentrated in short-term tenors

Source: Senior Supervisors Group-Risk Management Liquidity Lessons from the Global Banking Crisis of 2008

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Lessons that Led to Best Practices • Short term financing – vast majority overnight  Collateralized  Volatility and haircuts  Impacted bilateral and tri-party repo  Clearers took on intra-day credit risk  Rehypothecation  Money market funds pulled their lines  Excessive leverage

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