FedNow could increase deposit flight risk; high rates raise UK mortgage lenders' asset, social risks

Steve Tu discusses FedNow, a new US digital payments system, and why it could exacerbate deposit flight risk for banks. Farooq Khan explains the risks of higher interest rates for UK mortgage lenders.Speakers: Stephen Tu, VP – Senior Credit Officer, Moody’s Investors Service; Farooq Khan, VP – Senior Analyst, Moody’s Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Banks – North America: FedNow launch may lower transaction costs, but exacerbate funding risks for banksAsset and customer relations risks intensify for UK lenders as rates keep rising