An under-the-radar change to the way regional banks are supervised may have helped the bank’s rapidly growing risks to go unresolved.
Category: Quarles, Randal K
-
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
-
Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
-
After SVB Collapse, Fed and Lawmakers Eye Bank Rules
The stunning demise of Silicon Valley Bank has spurred soul-searching about how large and regional banks are overseen.