#Review of the #FederalReserve’s
#Supervision and #Regulation
of #SiliconValleyBank April 2023. This report examines the factors that contributed to the failure of #SVB. The report
focuses on the role of the Federal Reserve, which was the #primary federal supervisor for the bank
and the #bankholdingcompany. https://www.federalreserve.gov/publications/files/svb-review-20230428.pdf FinancialSystem #FinancialStability #banking #banksupervision #regulatoryfailures
#DoddFrank is dead long live Dodd Frank II "2 senators have proposed creating an #independent #watchdog to monitor the #FederalReserve See the bill https://www.rickscott.senate.gov/services/files/3B2A4FB1-B0EA-4AF4-A9A1-3A2348C8B044. Senators #RickScott (R-FL) and #ElizabethWarren (D-MA) argue that the recent #collapse of #SiliconValleyBank (#SVB) and #SignatureBank was caused by #RegulatoryFailures at the #Fed, & claim that establishing an independent #InspectorGeneral would help to prevent future #BankFailures https://www.reuters.com/markets/us/republican-us-senator-rick-scott-democrat-warren-unveil-fed-oversight-bill-2023-03-22/ #FinancialStability