Sunday, March 26, 2023

READOUT: Financial Stability Oversight Council Meeting on March 12, 2023

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference. 

During the meeting, the Council heard updates from the Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System (Federal Reserve Board), and U.S. Treasury Department on actions they were taking to stabilize the financial system and protect depositors. The agencies described their actions to help ensure all of the depositors of Silicon Valley Bank and Signature Bank would be made whole. It was noted that no losses associated with the resolution of these banks would be borne by taxpayers and that shareholders and certain unsecured debtholders would not be protected.

The Council also discussed the funding the Federal Reserve Board was making available to eligible depository institutions to ensure that banks, saving associations, and credit unions have the ability to meet the needs of all of their depositors. The new facility will be a significant source of liquidity, collateralized by high-quality securities, to eliminate a banking institution’s need to quickly sell those securities in times of stress. This will bolster the capacity of the banking system to safeguard deposits. 

In attendance at the Council meeting by videoconference were the following members: 

  • Janet L. Yellen, Secretary of the Treasury (Chairperson of the Council)
  • Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System
  • Michael J. Hsu, Acting Comptroller of the Currency
  • Rohit Chopra, Director, Consumer Financial Protection Bureau
  • Gary Gensler, Chair, Securities and Exchange Commission
  • Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation
  • Rostin Behnam, Chairman, Commodity Futures Trading Commission
  • Todd M. Harper, Chairman, National Credit Union Administration
  • James Martin, Acting Director, Office of Financial Research (non-voting member)
  • Steven Seitz, Director, Federal Insurance Office (non-voting member)
  • Adrienne Harris, Superintendent, New York State Department of Financial Services (non-voting member)

Additional information regarding the Council and its work is available at



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Ice Tea Group’s Wisej.NET Used to Build Real-Time Tracking System for Brighton Technologies Group

Brighton Technologies uses Wisej.NET to power a new real-time communication and tracking system for the hospitality industry.

Ice Tea Group’s Wisej.NET Used to Build Real-Time Tracking System for Brighton Technologies Group
Brighton Technologies Group Software Suite

Brighton Technologies Group Software Suite built using Wisej.NET.

Ice Tea Group announces that Brighton Technologies Group (BTG), a leading provider for guest and staff paging systems, has released a new web-based platform for real-time location tracking built using Ice Tea Group's Wisej.NET, an enterprise web alternative for Windows Forms and Blazor. The new solution services 2,000+ customers consisting of clubs, pubs, hotels, retail, and hospitals throughout Australia, Hong Kong, The United States, and the UK.

BTG's product suite includes a variety of controls from DevExpress, Syncfusion, and Rebex, which were all easily integrated into a web environment using Wisej.NET. The app uses these charts, graphs, and other controls to visualize budgets, client locations, and response times. BTG was able to realize the new web platform without writing any APIs, JavaScript, HTML, or CSS in less than a month. 

About Ice Tea Group: Ice Tea Group LLC, located in Washington D.C., is a worldwide specialist for enterprise application modernization and business web frameworks. We help developers and organizations stay competitive. Our mission is to strengthen and increase the value of enterprise-scale software assets by providing modernization paths throughout technology changes.

Since 1998, our services and frameworks have been used by more than 600 companies, in 4,800+ applications, over 50 countries. Some of our clients are: Fujitsu, Goodyear, Xerox, Skanska, Volvo, Merck, GE Healthcare, IFS, Air New Zealand, CBS, SAGE, Ericsson, Siemens, ASFINAG, Markel, Ameriprise, Europ Assistance. Ice Tea Group website.

Contact Information:
Levie Rufenacht
[email protected]

Original Source: Ice Tea Group's Wisej.NET Used to Build Real-Time Tracking System for Brighton Technologies Group
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