Tony Webster (https://bit.ly/3IYY8Dm)
The Federal Reserve admitted its standards for Silicon Valley Bank “were too low” in a review of its oversight of the bank. The 118-page review, published today (April 28) took specific aim at the policy of tailoring regulatory treatment for mid-sized banks, which the Federal Reserve adopted during the presidency of Donald Trump.
The review, issued by vice-chair for supervision Michael Barr, found Fed supervisors failed to grasp that SVB was encountering new risks during its rapid expansion in
Original Link: https://www.centralbanking.com/regulation/banking/7958618/fed-report-admits-errors-in-svb-oversight
