Senators Press Powell on Silicon Valley Bank Failures, Accountability and Basel III/Stress-Test Changes
Senators sought explanations for supervisory lapses tied to Silicon Valley Bank and asked how the Fed will balance tailoring for smaller banks with global Basel III endgame commitments and proposed stress-test changes.
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Several senators pressed Federal Reserve Chair Jerome H. Powell on supervisory failures tied to the March collapse of Silicon Valley Bank and on pending regulatory changes to capital rules and stress tests.
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