Sarah Breeden, executive director for financial stability, strategy and risk with the Bank of England, says that because the financial system and the "real economy" are closely connected, it is important to monitor corporate debt, given its impact on the economy.
The Federal Reserve Bank of Richmond's fourth annual Investing in Rural America Conference, held in Roanoke, focused on collaboration among stakeholders to strengthen small towns and rural communities.
The review found that SVB's management and board of directors failed to manage their risks, and the Federal Reserve's supervisors did not fully appreciate the extent of the bank's vulnerabilities.