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Fed needs to review supervision after SVB failure, Powell says 

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Federal Reserve Chairman Jerome Powell urged stronger supervision and regulation of financial institutions the size of Silicon Valley Bank, in the wake of the spring banking crisis, as he also cautioned against complacency.

“The banking system remains sound and resilient, deposit flows have stabilized, and strains have eased,” he said, in prepared remarks ahead of the Bank of Spain’s conference on financial stability on Thursday.


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