Of all the facts that have emerged about last month's two US bank busts, one data point in particular continues to stir deep-seated unease among finance officials: 36
Bostic, for one, was already gearing up for more. He said he has had conversations with banks in his region about the need for communication and familiarity with the tools they might need in such a circumstance, such as how to access the U.S. central bank's emergency lending facilities.
Fed Vice Chair for Supervision Michael Barr has said the review will include policy recommendations, as well as confidential supervisory information that is not usually made public. The supervisory regime at both regulators is under scrutiny from lawmakers on both sides of the aisle who"The supervisors tend to be the skunks at the party - they are the ones who point out what the deficiencies are," Sarah Bloom Raskin, a former Fed governor, said at an event held by the Peterson Institute for International Economics on Wednesday.
"The lessons aren't going to be, how to identify the next SVB," said Kathryn Judge, a professor at Columbia Law School. "It's how do we allow a bank whose failure threatened the financial system to persist without being subject to more aggressive intervention?"
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