The Federal Reserve chair 'failed in his responsibility to supervise and regulate banks that posed a systemic risk to our economy,' said SenWarren.
ostensibly aimed at"tailoring" the central bank's"regulations for domestic and foreign banks to more closely match their risk profiles."at the time, the central bank's changes went well beyond what the 2018 law required and weakened"safeguards at the core of the system," threatening the stability of the banking sector.
"For Silicon Valley Bank, this resulted in lower supervisory and regulatory requirements, including lower capital and liquidity requirements," the report states."While higher supervisory and regulatory requirements may not have prevented the firm's failure, they would likely have bolstered the resilience of Silicon Valley Bank."
"We plan to revisit the tailoring framework, including to reevaluate a range of rules for banks with $100 billion or more in assets," Barr writes.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
WATCH: Federal Reserve Chair Jerome Powell Pranked by Russians Posing as ZelenskyTwo Russians pretending to be Ukrainian President Volodymyr Zelensky tricked Federal Reserve Chair Jerome Powell into a phony TV interview, the bank confirmed.
Consulte Mais informação »
Federal Reserve, FDIC to release reports on bank failuresThe Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry.
Consulte Mais informação »
Federal Reserve, FDIC to release reports on bank failuresThe Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry.
Consulte Mais informação »
Federal Reserve, FDIC to release reports on bank failuresThe Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry.
Consulte Mais informação »
Federal Reserve, FDIC to release reports on bank failuresThe Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry.
Consulte Mais informação »
Federal Reserve says it 'failed' in run up to Silicon Valley Bank collapseBREAKING: The Federal Reserve says it 'failed' to regulate Silicon Valley Bank in the run up to its collapse.
Consulte Mais informação »