The 2018 banking deregulation bill that exempted some banks from stricter Federal Reserve oversight and stress tests, has been a topic of discussion since the collapse of Silicon Valley Bank and Signature Bank.
Harvard Law School professor Daniel Tarullo, a former Federal Reserve Board member, explains the fallout from the bank failures and how they could complicate the Fed’s efforts to curb inflation.
Regulators on both sides of the Atlantic have worked hard and fast to contain the fallout from SVB’s meltdown. But what actions could have been taken to avoid this disaster?