US regulators facing sharp questions

US regulators facing sharp questions from Congress over bank collapses

The US Congress is set to grill regulators over bank collapses.

[{"selector":"#anim-9fd66a54-b0c4-4a8e-bca0-a64867af23a8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The hearing will focus on the collapse of Greensill Capital and Archegos Capital Management. Arrow

[{"selector":"#anim-5fe693c7-8d74-4bed-832c-623d38e60d1f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.26665175133565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The hearing will be held by the Senate Banking Committee. The hearing will be held on March 29th, 2023. Arrow

[{"selector":"#anim-85f15429-8a3e-41fe-8bdd-612d73fb9c64 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The hearing will feature testimony from the heads of the Federal Reserve, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC). Arrow

[{"selector":"#anim-024911c5-a0f7-4a96-9f4f-1e8d2fd73704 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(25.571713883741694%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The hearing will examine whether regulators have done enough to prevent bank collapses. Arrow

[{"selector":"#anim-4633ddf7-cf3e-4ed8-96e6-42004e8acbec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.237262114409305%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The hearing will also examine whether regulators have been too lenient with banks and hedge funds. Arrow

[{"selector":"#anim-99302db9-aee6-480a-9a6f-b5df1b626e82 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.115008778537195%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The hearing comes after a series of high-profile bank collapses in recent years. Arrow

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