On the recordMay 15, 2023
What we found is that supervisors were essentially too timid and too slow to raise those standards in a timely enough way.
Said by
Michael S. Barr
Source
congress.gov“What we found is that supervisors were essentially too timid and too slow to raise those standards in a timely enough way.”
Barr discusses the Federal Reserve's slow response to supervisory concerns at SVB.
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