Breaking 📰: FRC Likely To Be 3rd 🇺🇸🏦 To Collapse
@LMSunshine:
🇺🇸 regulators on 28/4 (Fri) put large 🏦🏦🏦 on notice that tougher oversight is coming, after the Federal Reserve & Federal Deposit Insurance Corporation (FDIC) detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank (SVB) & Signature Bank in March. The Fed's assessment of its inadequacies in identifying problems & pushing for fixes at SVB came with promises for tougher supervision & stricter rules for 🏦🏦🏦. ➡️ “Our first area of focus will be to improve the speed, force, and agility of supervision," Fed Vice Chair of Supervision Michael Barr. Barr also signaled plans to subject banks with more than $100 billion in assets to rules currently reserved for bigger rivals, given that increased capital & liquidity requirements would have