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Published 1 year ago

Analysis: US bank supervision needs more speed, transparency in wake of SVB debacle, critics say

Summary by Ground News
Critics say Federal Reserve bank supervision needs an overhaul to make it more nimble, transparent and decisive. Silicon Valley Bank collapsed in the space of less than 48 hours, unleashing fears of contagion. Fed Vice Chair for Supervision Michael Barr told lawmakers that supervisors had repeatedly identified risks to the failed bank.

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