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Report finds 'culture of risk aversion' hindered oversight of SVB, Fed official says
Source: reuters.com
Banking & LiquidityRegulation & LegislationManagement & Governance
A top Federal Reserve official said an examiner “culture of risk aversion,” rather than relaxed oversight, contributed to Silicon Valley Bank’s 2023 collapse. The preliminary review finding highlights potential supervisory failures and could shape bank-regulation and Fed examination reforms, though no specific policy action was announced.
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