Experts call for improved bank regulation and risk management in wake of SVB's failure.
TL;DR
Experts argue that the recent collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse could have been prevented by better regulation and supervision by the Federal Reserve. The focus should be on ensuring that the rules are being enforced, and the danger of deregulation has been revealed. The rollback of Dodd-Frank regulations by the Trump administration has been pointed to as one of the main reasons for the bank's failure.
- 'SVB's failure could and should have been prevented': Experts argue for better regulation and supervision by the Fed CNBC
- Silicon Valley Bank's risk model flashed red. So its executives changed it. The Washington Post
- San Francisco's Feeling the Pain of the Banking Crisis, Big Tech Layoffs Bloomberg
- Are our banks prepared for what's here? Jamaica Observer
- Why Do U.S. Banks Keep Failing? CNBC
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