• Q: At the last meeting you discussed the possibility of runs on non-bank financial institutions and the impact of unrealized bank losses?
  • A: Honestly I don't recall the specifics of that, it's been an interesting 7 weeks. But there have been presentations about interest rate risks, not a surprise.
  • The supervisory team was apparently engaged with SVB.
  • The speed of the run is very different from what we've seen in the past, which suggests a need for possible regulatory and supervisory changes.

FED: Powell Says Speed Of SVB Run Suggest Need For Regulatory Changes

Last updated at:Mar-22 19:06By: Jack Lewis
  • Q: At the last meeting you discussed the possibility of runs on non-bank financial institutions and the impact of unrealized bank losses?
  • A: Honestly I don't recall the specifics of that, it's been an interesting 7 weeks. But there have been presentations about interest rate risks, not a surprise.
  • The supervisory team was apparently engaged with SVB.
  • The speed of the run is very different from what we've seen in the past, which suggests a need for possible regulatory and supervisory changes.

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