beSpacific · @bespacific
830 followers · 1543 posts · Server newsie.social#GAO Report, BANK REGULATION #PreliminaryReview of #AgencyActions Related to March 2023 #BankFailures https://www.gao.gov/assets/gao-23-106736.pdf #SVB #FinancialStability #FinancialSystem #RegulatoryStandards #regulatoryfailures #banking #FederalReserve
#gao #preliminaryreview #agencyactions #bankfailures #svb #financialstability #financialsystem #regulatorystandards #regulatoryfailures #banking #FederalReserve
beSpacific · @bespacific
830 followers · 1535 posts · Server newsie.social#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://proxy.metager.de/www.federalreserve.gov/publications/review-of-the-federal-reserves-supervision-and-regulation-of-silicon-valley-bank.htm?url=https%3A%2F%2Fwww.federalreserve.gov%2Fpublications%2Freview-of-the-federal-reserves-supervision-and-regulation-of-silicon-valley-bank.htm&password=4c478fa47f8072cc2c1aa8246a412ef1ebbd08af7f8445297f4a7222aeaf2a86 #FinancialSystem #FinancialStability #banking #banksupervision #regulatoryfailures
#review #FederalReserve #supervision #regulation #siliconvalleybank #svb #primary #bankholdingcompany #financialsystem #financialstability #banking #banksupervision #regulatoryfailures
beSpacific · @bespacific
767 followers · 1240 posts · Server newsie.social
And away we go, again (#DoddFrank is dead long live Dodd Frank II)- "Two senators have proposed creating an #independent #watchdog to monitor the #FederalReserve. Senators #RickScott (R-FL) and #ElizabethWarren (D-MA) argue that the recent #collapse of #SiliconValleyBank (#SVB) and Signature Bank was caused by #RegulatoryFailures at the #Fed, and 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
#doddfrank #independent #watchdog #FederalReserve #rickscott #elizabethwarren #collapse #siliconvalleybank #svb #regulatoryfailures #fed #inspectorgeneral #bankfailures #financialstability