- by foxnews
- 15 Nov 2024
US senators grill banking regulators in first Silicon Valley Bank hearing
US senators grill banking regulators in first Silicon Valley Bank hearing
- by theguardian
- 29 Mar 2023
- in politics
1.5 k views
Sherrod Brown, the Democrat chair of the committee, pointed out that SVB execs were under pressure to grow the company, which led them to risky behavior.
Elizabeth Warren, who was a key creator of financial regulations after the 2008 recession, asked the officials one by one if they agree that there should be a strengthening of banking rules.
Barr said the Fed did not stress-test SVB in 2022, saying that a stress test is not the primary way regulators test for interest rates. He noted that stress testing for rising interest rates would be useful in the future.
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