Bowman Says 'Culture Of Risk Aversion' And Unclear Decision Rights Led To Supervisory Inaction On SVB, Not Earlier Fed Deregulatory Efforts
https://www.federalreserve.gov/newsevents/speech/bowman20260918b.htm
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Why It Matters
A Federal Reserve leader said the bank collapse happened because of poor culture and unclear rules, not deregulation. When regulators are unsure about their jobs, problems can hide until it is too late.
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