Federal Reserve Vice Chair Michelle Bowman detailed the preliminary findings of a third-party review into the collapse of Silicon Valley Bank. She stated that the report challenges the narrative that social media amplified the bank run and clarifies the 2018 regulatory reform law, which contradicts the Fed report issued by Michael Barr in 2023. The report found that delays in supervisory action were not caused by the 2018 law or directives from the former Vice Chair for Supervision. Charles River Associates, at the request of third-party review firm Starling, concluded after analysis that social media did not initiate or accelerate the Silicon Valley Bank run, with 96% of relevant social media discussions occurring after the bank's collapse was already inevitable. Bowman did not specify when the final report would be made public.