San Francisco Fed leader Daly very likely not a major participant in SVB saga, officials say

San Francisco Fed leader Daly very likely not a major participant in SVB saga, officials say


Key Points
  • San Francisco Fed President Mary Daly’s district oversaw the second-largest bank failure in U.S. historical past.
  • Fed officers earlier and present explained regional presidents can be a lot more or significantly less involved in checking their largest banking companies, but the essential conclusions about plan and enforcement would have been taken in Washington.
  • The failure of Silicon Valley Lender elevated substantial questions about the Fed’s bank supervision and its failure to act additional forcefully on difficulties it experienced formerly determined.



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