The Federal Reserve has announced that it will be conducting a review of the supervision and regulation of Silicon Valley Bank, following its collapse.
Michael Barr, the Vice Chair of Supervision, will lead the review, which has been described as “careful” and “thorough” by Barr.
The review has been prompted by the failure of the bank, and Federal Reserve Chair Powell has stated that the events surrounding the collapse require a “swift” and “transparent” review.
The results of the review will be made public on May 1st, which is a relatively quick timeline for the Federal Reserve.
