Takeaways From Recent Bank Failures
The Federal Reserve, the FDIC, and the U.S. Government Accountability Office recently issued initial post-mortem reviews on the March 2023 bank failures. These insights also will likely apply to the April collapse of First Republic Bank. The candid reports highlight the missed supervisory opportunities for early intervention and timely remediation. This article summarizes potential supervisory changes and focus areas for financial institutions to consider for upcoming reviews.
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