An under-the-radar change to the way regional banks are supervised may have helped the bank’s rapidly growing risks to go unresolved.
Tag: 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.
-
Fed Confronts Why It May Have Acted Too Slowly on Inflation
Central bankers have been asking whether they should have reacted faster to rising inflation last year — and are learning from the recent past.