March 2023


Potential Bank Regulatory Response to Signature and Silicon Valley Bank Failures

On March 28 and 29 Michael Barr, Federal Reserve Vice Chair for Supervision, testified in House and Senate committee hearings on the failure of Silicon Valley Bank (Written Testimony). Silicon Valley Bank was a state member bank with the Federal Reserve as its primary federal regulator. Mr. Barr provided a brief recap of the Federal Reserve’s oversight of the bank and concerns it had noted regarding liquidity risk management, among others.

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