WASHINGTON, March 13 (Reuters) - The U.S. Federal
Reserve announced Monday it would be conducting a review of the
supervision and regulation of Silicon Valley Bank ,
which failed on Friday.
Fed Chairman Jerome Powell said in a statement the bank's
failure demanded a "thorough, transparent, and swift review."
Fed Vice Chairman for Supervision Michael Barr is leading the
review, and results will be publicly released by May 1.
(Reporting by Pete Schroeder)
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