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So the Fed is asleep at the wheel? How many more firms has the Fed not appreciated the seriousness of critical deficiencies in a firm’s governance, liquidity, and interest rate risk management? Don't they stress test for this stuff?!?

r/Superstonk - So the Fed is asleep at the wheel? How many more firms has the Fed not appreciated the seriousness of critical deficiencies in a firm’s governance, liquidity, and interest rate risk management? Don't they stress test for this stuff?!?

Source: Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr

Federal Reserve Alert! Vice Chair for Supervision Michael S. Barr in speech 12/1/2022:

"We are currently evaluating whether the supervisory stress test that is used to set capital requirements for large banks reflects an appropriately wide range of risks."

Also:

The Fed releases hypothetical scenarios for its 2023 bank stress tests. For the first time, this year's stress test will feature an additional exploratory market shock to the trading books of the largest and most complex banks, with firm-specific results released.

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