Fed launches supervision review in wake of SVB collapse

Vice-chair for supervision says central bank needs to show “humility” after bank failure

Jerome Powell gives testimony
Jerome Powell gives testimony
Federal Reserve

The Federal Reserve said it would conduct a review of its supervision of Silicon Valley Bank, after the mid-sized lender collapsed late last week, spreading panic through markets.

“The events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve,” said Fed chair Jerome Powell in a statement.

The US authorities placed SVB into receivership on March 10. Unable to find a buyer over the weekend, they opted instead to insure the bank’s depositors in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account