The U.S. House Financial Services Committee's Subcommittee on Oversight and Investigations held a hearing to examine the Government and Accountability Office’s Report, “Bank Regulation: Preliminary Review of Agency Actions Related to March 2023.” The Subcommittee reviewed actions taken by the Federal Reserve System and the Federal Deposit Insurance Corporation as regulators of Silicon Valley Bank and Signature Bank leading up to the banks’ failures.
Witness List:
Mr. Michael Clements, Director, Financial Markets and Community Investment, Government Accountability Office