The Federal Reserve's preliminary SVB report has not been publicly released, requiring journalists to register for access; the current head of the Fed's supervision department previously served as an executive at the law firm reviewing the report, raising conflict of interest concerns.
Journalist Nick Timiraos tweeted that the Federal Reserve's preliminary report on Silicon Valley Bank (SVB) has not yet been made public through official Fed channels, and he had to register for a non-paid subscription to the Starling research portal to access it. Additionally, Kyle Campbell reported on Friday that the co-head of Davis Polk's financial institutions practice stated she had reviewed a copy of the report before its public release. Notably, the current head of supervision at the Federal Reserve, until May 2025, was previously the head of the same financial institutions practice at Davis Polk. He left that role to become a senior advisor to Bowman.
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Source:X@NickTimiraos · Source Link
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