Fed blames Trump-era policies, SVB leaders — and itself — for bank’s stunning collapse

Fed blames Trump-era policies, SVB leaders — and itself — for bank’s stunning collapse

[ad_1] Those directives, combined with the Fed’s implementation of a bipartisan bank deregulation law passed by Congress in 2018, “impeded effective supervision by reducing standards, increasing complexity, and promoting a less assertive supervisory approach,” according to the report. “We must strengthen the Federal Reserve’s supervision and regulation based on what we have learned,” Barr said…

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