Michael S. Barr: “I have said repeatedly that banks, according to our rules, are well-capitalized today. Our banking system is sound and…”

The failure of SVB illustrates the need to move forward with our work to improve the resilience of the banking system.

The bank did respond to regulator citations but those responses were insufficient.

The argument for why regulation and monetary policy are both at the Fed is that it is supposed to inform each other.

I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.