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Congressional Hearings Calling Federal Regulators to Task for Recent Bank Failures
March 30, 2023Both the Senate Banking Committee and House Financial Services Committee held hearings this week on the federal regulatory response to the failures of Silicon Valley Bank (“SVB”) and Signature Bank. Witnesses at both hearings were Federal Reserve Board (“FRB”) Vice Chair of Supervision Michael Barr, Federal Deposit Insurance Corporation (“FDIC”) Chairman Martin Gruenberg, and Treasury Department Under Secretary for Domestic Finance Nellie Liang.
