Barr to Banks: Get Ready For Tougher Oversight After SVB Tumult
Also, Friday Q&A with author of the first major book on FTX's demise; SEC reopens comments on activist rule
Fed Vice Chair for Supervision Michael Barr didn’t disappoint in delivering a scathing report on the management failures that led to Silicon Valley Bank’s collapse. The Fed supervisors didn’t get a pass either — though their mistakes seemed to be chalked up to the light-touch oversight that, the document underscored, was put in place by Barr’s predecess…
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