Sector Regulation Sector Regulation

US banking regulators should use noncapital triggers for prompt corrective action, congressional watchdog says

By Neil Roland
  • 08 May 2023 20:40
  • 08 May 2023 20:40

A US Government Accountability Office report on the Silicon Valley Bank failure recommended bank regulators adopt noncapital triggers for prompt intervention, as lawmakers prepare to review the report this week.

The suggestion, for triggers beyond just those already in use for capital, echoes one made in vain by the congressional watchdog in 2011.  


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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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