House Financial Services Committee holds a hearing on “The Federal Regulators’ Response to Recent Bank Failures.” #foxbusiness
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LEARN MORE ABOUT: Bank Failures
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On Monday, the House held a hearing to discuss the federal regulators’ response to recent bank failures. The hearing aimed to shed light on the actions taken by regulatory agencies in response to the failures, and to determine what steps can be taken to prevent similar situations in the future.
The failure of banks can have a significant impact on the economy, and it is the responsibility of federal regulators to ensure the stability and health of the banking sector. With recent high-profile bank failures, such as the collapse of the Greensill Bank and the Archegos Capital Management debacle, there are growing concerns about the effectiveness of regulatory oversight.
During the hearing, lawmakers questioned representatives from the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) about their role in supervising and regulating banks. They also sought answers on what steps are being taken to address weaknesses in the regulatory framework and improve the overall resilience of the banking system.
One of the key issues discussed was the need for better coordination between regulatory agencies to identify and address potential risks within the banking sector. It was also highlighted that there is a need for greater transparency and accountability from regulatory bodies in their supervision of banks.
The representatives from the regulatory agencies defended their actions, stating that they are continuously monitoring and assessing the financial health and risk management practices of banks. They also emphasized the importance of implementing reforms and regulations to mitigate the chances of future bank failures.
Additionally, lawmakers and regulators acknowledged that the current regulatory framework may need to be updated to better address the modern complexities of the financial industry, including the rise of non-bank financial institutions and the increased use of complex financial derivatives.
Overall, the hearing provided a platform for an open and constructive discussion about the challenges and opportunities facing federal regulators in their oversight of the banking sector. The focus on improving regulatory coordination, transparency, and the ability to adapt to new developments in the financial industry will be crucial in ensuring the stability and resilience of the banking sector in years to come.
Stand up for American everyone in America Against The Communist Democrat That is Tring to over throw America with all kind of Unjustified laws from different Country like Marshall laws in Russia or China.Because Democrats is Madly in love with Mexicans and Chinese and Ukrainian Russia were most of the American taxpayers money go to support other Countrys of All Kinds.
Bank regulators failed in oversight of SVB and Sam Bankman and others,
BUT NO ONE WAS FIRED ?
That's some real baloney!
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it. Investing is a long-term game. It's just hard to focus on the long term playbook when I'm already in a massive loss
TURN COMMETS ON
Bush did 9/11
Waters lies through her false teeth. Trump had zero to do with the problems at SVB.
The FDIC wants all banks to pay for the cost of the bank collapse. Hopefully the bank regulators that were in charge of keeping sIv bank in check are fired. But everyone knows that in the end people taking out bank loans will pay for this in Fees!
Bank portfolios are regulated to hold securitized debt and bonds that systemically were made upside down through the interest rate hikes of the fed! The fiduciary responsibility of the financial institutions very often requires the non-volatile and lower yield bonds. This kick in the teeth of the “bond holder” neglects to admit that said bonds are utilized in pension, 401K and brokerage growth models to be the “stable” portion of the more aggressive options.
You all really thank these Millonares and Billionaire give a Dam about you all
I thank MTG and 45 Lying king Cult Leader are made for each other nut cases
You all thank the Covid 19 made people nuts .Because Gatez and MTG and the Lying King Cult Leader 45 acting like complete crazy lunatics
My question would be to anyone of these regulators or so-called regulators are people that know about the banking system what the hell gives the right for the Federal reserve to go out and fell out these Banks without congress's say so if that's the problem that Federal reserve's has the power to do whatever the hell they want maybe we need to rain in the Federal reserve
And steal nobody's asking one simple question is how did these depositors know the pick up 42 billion dollars before the bank decided to collapse in the first place who let them depositors know that the bank was going to collapse pull your money out now
Crypto is over, GOParasites.
I'm wondering how much money they stole before they did this