Financial regulators came under scrutiny over what congressional members see as misplaced priorities ahead of the collapse of Silicon Valley Bank (SVB). In a hearing on Wednesday, House Financial Services Committee chair Patrick McHenry (R-N.C.) chastised Federal Reserve vice chair for supervision Michael Barr for making time “to start a review of climate risks in…
Financial Regulators Too Focused on ‘Climate Risks’ While Ignoring Silicon Valley Bank, Lawmakers Say
March 30, 2023
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