- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2023-05-19T17:33:00
Leaders at Silicon Valley Bank (SVB), Signature Bank, and the regulators who seized their banks testified before Congress this week across separate hearings.
Here are four takeaways:
1. Bank executives defended their actions
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Michelle Bowman of the Federal Reserve Board of Governors warned in a speech the agency’s response to the banking crisis might end up hurting the mid-sized financial institutions it is supposed to help.
Federal banking regulators have indicated they will be more assertive in their supervision of mid-sized banks in the aftermath of the collapses of Silicon Valley Bank, Signature Bank, and First Republic Bank. What actions might they take?
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