Fed report on SVB collapse raises concerns over US banking system.

TL;DR Summary
The Federal Reserve is set to release its investigation report on the collapse of Silicon Valley Bank (SVB), the second-biggest in US history, on Friday. Former Fed official Randal Quarles doesn't expect the report to uncover any smoking guns, but it will identify things that need to be looked at without having final recommendations. SVB's failure was due to mismanagement, and the report will review SVB's growth and management, supervisory engagement, and regulatory requirements. The report may recommend changing the process for elevating issues supervisors identify up the chain of command.
Topics:business#banking-regulation#banking-supervision#depositors#federal-reserve#finance#silicon-valley-bank
- Here's what the SVB report will (and won't) include, according to top former Fed official CNN
- San Francisco Fed's Role in SVB Collapse Draws US House Investigation Bloomberg
- What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report NPR
- Massive Capital Flight From US Banks Is ‘Extremely Concerning’, Hurts Main Street: Senator Ted Cruz The Daily Hodl
- Fed Bosses Steered Examiners Away From Probing Problems Like SVB Bloomberg
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