2023-03-26 21:34
[Howard Davies] US financial regulatory system is still broken
When a bank fails, attention inevitably turns to its regulators. Who was asleep at the wheel? Who failed to spot the warning signs? The failure of Silicon Valley Bank is no exception.In the United States, these questions are often directed at many different agencies, since the system is complex and hard for outsiders to understand. So, the conclusion is often an inverted form of John F. Kennedy's famous observation after the Bay of Pigs fiasco, to the effect that 'success has many fathers, but failure is an orphan.
https://n.news.naver.com/mnews/article/044/0000244751?sid=104
#naver
https://n.news.naver.com/mnews/article/044/0000244751?sid=104
#naver