The Fed's Investigation into Silicon Valley Bank and its Fallout.
TL;DR Summary
The Federal Reserve is set to release a report on Friday examining its oversight of Silicon Valley Bank, which collapsed in mid-March, in the largest bank failure since the 2008 financial crisis. The review was overseen by Michael S. Barr, the central bank’s head of supervision, and the investigation could answer questions about what went wrong with the bank's supervision. The report will also examine whether there was an issue with the Fed’s culture around supervision or whether the existing rules were lacking.
Topics:business#bank-failure#bank-oversight#federal-reserve#finance#investigation#silicon-valley-bank
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- San Francisco Fed's Role in SVB Collapse Draws US House Investigation Bloomberg
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