The aftermath of SVB's collapse and calls for stricter bank regulation.
TL;DR Summary
The collapse of Silicon Valley Bank has prompted scrutiny among federal regulators and lawmakers in Congress about what went wrong and raised questions regarding what legislative or regulatory reforms may be considered to avoid a future recurrence. Federal Reserve Vice Chair for Supervision Michael Barr testified this week before House and Senate committees with jurisdiction over America’s banking system on how the management of Silicon Valley Bank (SVB) "did not effectively manage its interest rate risk and liquidity risk, and the bank then suffered a devastating and unexpected run by its uninsured depositors in a period of less than 24 hours."
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