Fed Supervisors Are Scrutinizing Banks’ Interest-Rate Risks, Barr Says
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The Federal Reserve’s top bank regulator will tell lawmakers that supervisory officials at the central bank are homing in on risks posed by the state of the US economy.
Michael Barr, the Fed’s vice chair for supervision, plans to tell the Senate Banking Committee that supervisors are conducting targeted reviews and working to keep tabs on new products being launched by lenders. The collapses of Silicon Valley Bank and Signature Bank in March exposed gaps in federal oversight and prompted calls from some lawmakers for further scrutiny.