Free Trial

Chair Powell Asked On Lessons Learned From Banking Crisis, Presser Ends

FED
  • Q: What are the lessons that you learned from the banking crisis?
  • A: The run on SVB was out of keeping with the speed of bank runs in history. That needs to be reflected in some way in regulation and supervision. It will be up to VC Barr to find ways to address that. It's pretty clear we need to strengthen supervision and regulation of banks of that size and we're on track to do that.
  • Press Conference Ends

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.