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The Federal Reserve (Fed) acknowledges failures for “not fully appreciating the scope of the vulnerabilities” of SVB, in a report published this Friday on the bankruptcy of this US bank, in which he calls for strengthening supervision and regulation of the sector.
“Following the failure of Silicon Valley Bank, we need to strengthen supervision and regulation of the Federal Reserve based on what we have learned,” Fed Vice President of Supervision Michael Barr said in a statement accompanying the report.
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