Sector Regulation Sector Regulation

US housing finance chief deflects responsibility to Fed for advances to SVB, other failing banks

By Neil Roland
  • 23 May 2023 22:36
  • 23 May 2023 22:36
Sandra Thompson, the US Federal Housing Finance Agency chief, said banking regulators were responsible for Federal Home Loan Banks’ $30 billion advances to Silicon Valley Bank and two other firms shortly before they failed.

Lawmakers have questioned whether the FHLBs exceeded their proper role, and if the advances would have been lost if

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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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