Post-mortem reports on bank failures highlight supervisory missteps, call for changes
Federal Reserve supervisors did not fully appreciate the extent of the vulnerabilities as Silicon Valley Bank grew in size and ...
Tag: Bank closures
House Oversight Committee probes San Francisco Fed’s role in SVB failure
House Oversight and Accountability Committee leaders wrote to San Francisco Federal Reserve Bank President and CEO Mary Daly requesting documents ...
ABA, state groups: U.S. banking sector remains resilient
The U.S. banking system remains the deepest and most resilient in the world, ABA and 51 state bankers associations said ...
FDIC vice chairman: Don’t blame regulatory tailoring bill for bank closures
Legislation that gave the bank regulators broad discretion over how they supervised certain banks had nothing to do with the ...
Chopra: Regulators can issue rules on executive compensation
CFPB Director Rohit Chopra said that existing law allows regulators “to really kick the tires” on executive compensation at failed ...
Nichols: Americans can be assured banking sector is strong
The important thing for Americans to know following the failures of Silicon Valley Bank and Signature Bank is that the ...
Senate Democrats seek proposals for regulatory changes following recent bank closures
Senate Banking Committee Democrats today asked Treasury Secretary Janet Yellen for an assessment of possible regulatory and legislative changes needed ...
Biden urges regulators to adopt tougher rules for regional banks
President Biden today called on banking regulators to reinstate rules on regional banks that were “rolled back” during the Trump ...
Senators question regulators’ role in SVB collapse
During a Senate Banking Committee hearing this week, regulators agreed that rules governing financial institutions should be strengthened to better ...
Barr: Fed to pursue debt requirements for large banks
The Federal Reserve will propose a long-term debt rule for large banks that are not globally systemic important banks, which ...
