Upon Further Analysis — Archives
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Asking Questions Later
Regulators often follow bank failures with internal or external reviews to see what went wrong and to learn from those mistakes. A new post-mortem of the Federal Reserve’s role in the Silicon Valley Bank failure is running way behind schedule. Perhaps more significantly, the Federal Reserve has already implemented substantial changes to bank supervision well…
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In Search of … Material Financial Risk
Banking regulators claim that they are not loosening regulation and supervision but rather shifting the focus from box-checking processes to “material financial risk.” They have been largely successful in promoting this narrative. But does this view stand up to scrutiny? Can they even define material financial risk? Defining Material Financial Risk – Or Not On…