Nick Timiraos
@NickTimiraos
Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”
가입 July 2009
123 팔로잉 중 491.9K 팬
The preliminary report from the third-party firm hired to conduct Bowman's SVB review is now public.
The auditor describes a product that is still in progress, with *three* additional versions still to come.
• A second, interim report will be published "later this year"
• After that, the final report will be published "in early 2027."
• This will be followed a fourth report with recommendations in "Q2" 2027
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Fed vice chair Michelle Bowman details the initial findings of the third-party review of the failure of Silicon Valley Bank.
She says the report challenges findings that social media amplified the run. She says it clears the 2018 regulatory tailoring law, contradicting the Fed report released by Michael Barr in 2023.
She doesn't say whether or when the final report by Starling will be made public.
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