, Columnist
If Only We Knew the Problems Facing America's Banks
Almost a year after Silicon Valley Bank's failure, the Federal Reserve is still keeping the public in the dark about the deficiencies it finds at US lenders.
Who knew?
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The US has yet to fully address one of the greatest weaknesses revealed by last year’s failure of Silicon Valley Bank and other regional lenders: Supervisors saw the problems, but they failed to compel action before it was too late.
Some well-placed transparency could go a long way toward creating a much-needed sense of urgency.