Of all the facts that have emerged about last month's two US bank busts, one data point in particular continues to stir deep-seated unease among finance officials: 36
Bostic, for one, was already gearing up for more. He said he has had conversations with banks in his region about the need for communication and familiarity with the tools they might need in such a circumstance, such as how to access the U.S. central bank's emergency lending facilities.
Fed Vice Chair for Supervision Michael Barr has said the review will include policy recommendations, as well as confidential supervisory information that is not usually made public. The supervisory regime at both regulators is under scrutiny from lawmakers on both sides of the aisle who"The supervisors tend to be the skunks at the party - they are the ones who point out what the deficiencies are," Sarah Bloom Raskin, a former Fed governor, said at an event held by the Peterson Institute for International Economics on Wednesday.
"The lessons aren't going to be, how to identify the next SVB," said Kathryn Judge, a professor at Columbia Law School. "It's how do we allow a bank whose failure threatened the financial system to persist without being subject to more aggressive intervention?"
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed AccessFunds structured as stablecoin issuer Circle’s BlackRock-managed USDC reserve fund “generally will be deemed ineligible” for the NY Fed’s reverse repurchase program under the new rules. sndr_krisztian reports
Read more »
Circle’s Fed payment rail goal could be crushed by NY Fed’s policy changeThe New York Federal Reserve updated a policy that could see stablecoin issuer Circle “deemed ineligible” to access a sought-after money market.
Read more »
Lung cancer: Liquid biopsies could speed up treatmentLiquid biopsies could replace the need for invasive procedures under general anaesthetic.
Read more »
Jay Leno tests Finale Speed's carbon-fiber 1969 Chevy CamaroFinale Speed's carbon Camaro is around 750 pounds lighter than stock.
Read more »
See An Armed Suspect Carjack A Tesla At Gunpoint During A High-Speed ChaseThe armed suspect flees the scene in the white EV, while the victim is left speechless and shaking in the middle of the road, trying to call his wife.
Read more »
High-speed train from California to Las Vegas gains more supportThe latest push for a high-speed rail line connecting Las Vegas and L.A. has bipartisan support. Nevada officials have requested billions to fund it.
Read more »