The US Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S Barr.
Regulatory standards for the recently failed Silicon Valley Bank in the US "were too low" and the supervision did not work with sufficient force and urgency, a review of the supervision and regulation of the bank led by US Federal Reserve Vice Chair for Supervision Michael S Barr found.
The Federal Reserve Board on Monday (local time) announced that Vice Chair for Supervision Michael S Barr is leading a review of the supervision and regulation of failed Silicon Valley Bank.