Lawmakers Dig Into Ways to Stem Bank Runs as SVB Anniversary Looms
Also, banking group uses Fed's stress test announcement to bash Basel; lawmakers scrutinize crypto; FDIC signals hundreds may want to talk about a toxic culture; Wells Fargo gets a reprieve from OCC
With the anniversary of Silicon Valley Bank’s collapse right around the corner, there’s renewed focus on preventing bank runs. Regulators are looking at beefing up their liquidity rules and encouraging lenders to be prepared to tap the Fed’s discount window. Lawmakers, too, are examining ways to ease the stigma of such borrowing and make it less “clunky…