Here’s the Fed’s Plan for Tighter Bank Oversight After SVB’s Failure

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Michael Barr, the Fed vice chair for supervision, outlined a slew of potential changes to how the Fed oversees financial institutions, from capital and liquidity requirements to annual stress testing. The changes would not require legislative approval, a senior Fed official told reporters Friday, but would likely take several years to complete.

Read more: Fed Seeks Broad Changes to Bank Rules in Aftermath of SVB

In a letter accompanying the SVB report, Barr said the Fed should evaluate regulation and supervision in several key areas:

Barr also recommended changes to how the Fed supervises banks on the ground, including:

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