Lummis And Bipartisan Group Of Senators Ask If Federal Reserve Was 'Asleep At The Wheel' In Oversight Role In SVB Collapse
March 21, 2023
March 21, 2023
WASHINGTON, March 21 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release and letter:
U.S. Senator Cynthia Lummis (R-WY) and a bipartisan group of Senators sent a letter to the Federal Reserve Board of Governors demanding answers about how regulators missed blatant warning signs as part of its responsibility to conduct oversight and examinations ahead of Silicon Valley Bank's collapse. This includes bank leadership's clear failure to appropriately manage customer . . .
U.S. Senator Cynthia Lummis (R-WY) and a bipartisan group of Senators sent a letter to the Federal Reserve Board of Governors demanding answers about how regulators missed blatant warning signs as part of its responsibility to conduct oversight and examinations ahead of Silicon Valley Bank's collapse. This includes bank leadership's clear failure to appropriately manage customer . . .