SVB, Signature Bank, and First Republic all lobbied Congress to weaken the guardrails, preventing them from making risky bets with depositors' money.
So in its postmortem of the Silicon Valley Bank collapse, the Fed found that legislation passed out of this Committee in 2018, led to weaken...
The lessons, I think, are clear. Regulators need to strengthen bank oversight, and Congress must reinstate stronger rules.
You know, it is clear that giving regulators power to do something is not always enough. Congress needs to force regulators to use it, which...
We need to strengthen our financial watchdogs' ability to impose fines, ban bad actors from the banking industry, and claw back compensation...
We cannot--we will not--let that happen again.
We need legislation to expand the banking agencies' authority to ban a bank executive or manager from the industry for failing to properly o...
SVB, Signature Bank, and First Republic all lobbied Congress to weaken the guardrails, preventing them from making risky bets with depositor...