The much-anticipated 114-pg report set the stage for a new, aggressive push by #TheFed to restrengthen #BankRegulation, in an attempt to tighten up many of the rules that were eased by #Congress (after urging by the #Trump admin) in 2018 & loosened further by the Fed in 2019.…

“SVB’s failure demonstrates that there are weaknesses in #regulation & #supervision that must be addressed….

So, are bank failures a Republican thing to show how adept they are at mismanaging the economy. Do away with brakes and inspections and regulations and you have chaos and failures...do not trust them with anything with a $ sign attached.
#Republican
#BankRegulation

NatWest chief executive Alison Rose has refused to attend a session of the UK’s House of Commons Treasury select committee, telling MPs that she is “too busy” ahead of the state-backed bank’s full-year results the following week, according to people familiar with the spat
FT.
#bankregulation