Biden Promises Regulatory Revamp
In an effort to restore confidence in the banking system, President Biden announced that he will ask Congress and the banking regulators to strengthen regulations that were rolled back by the Trump administration.
Political Battle Lines Take Shape
In the wake of yesterday’s decision to protect all SVB depositors, Members of Congress are now positioning themselves for future action.
Biden Presses Stability in Wake of SVB, Signature Rescues
Reflecting ongoing uncertainties and political fallout, President Biden later this morning reiterated comments from earlier today noted in our prior alert.
Comment Deadline Set for GSE Capital Proposal
The Federal Register today includes the FHFA’s proposal to refine Fannie and Freddie’s capital construct.
Fed Tries to Get Ahead of SVB Storm
Even as Sen. Hagerty (R-TN) led calls to review Fed supervision, the Fed today announced that Vice Chair Barr will lead a review of SVB’s supervision and regulation.