LexRegPulse Daily - Sep 19, 2026
Alex here. This is LexRegPulse Daily for Saturday, September 19, 2026.
The Federal Reserve knew about Silicon Valley Bank's vulnerabilities a year before it failed. That's the headline from Vice Chair for Supervision Michelle Bowman's review, released in London Friday. Examiners had documented unrealized losses exceeding capital, a deposit base 94 percent uninsured, and no readiness to tap the discount window. The problem wasn't missing information. It was a staff culture reluctant to act without certainty, under decision rights nobody had clarified. Bowman's fix: a new "observation" category…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.