Central bankers discuss supervision and resilience
A Federal Reserve speech discusses three aspects of supervisory modernization, starting with lessons from a newly released independent assessment of the 2023 failure of Silicon Valley Bank. 1
The Fed speech says it is enhancing supervisory effectiveness so that decisionmaking authority is clear and examiners are more accountable for taking timely action. 1
The Fed speech also describes how modernization can improve supervision worldwide, including under standard-setting bodies such as the Basel Committee on Banking Supervision and the Financial Stability Board. 1
Frank Elderson opened the ECB-Bank of England conference on supervising climate risk in a non-linear world, held in Frankfurt on 14 October 2026 with experts from 18 countries and three continents. 1
Elderson says risk management has rested on the assumption that sufficient data and models allow banks to estimate losses with reasonable precision, while the world is becoming more complex, interconnected and uncertain. 1
Banco de Portugal Vice-Governor Clara Raposo gave closing remarks at a conference on the main findings of Portugal's Financial Sector Assessment Program, held in Lisbon on 23 September 2026. 1
Cited releases · 3
ECBReleaseOct 14, 2026EN
Frank Elderson: Ensuring resilience in the face of uncertainty
BISSpeechOct 14, 2026EN
Closing remarks - Conference on the Main Findings of Portugal's Financial Sector Assessment Program
FedSpeechOct 14, 2026EN
Supervisory Modernization After Silicon Valley Bank
AI In this speech of 14 October 2026, a Federal Reserve Board official draws on a newly released independent review of Silicon Valley Bank's 2023 failure to argue that supervisors knew of its interest rate and liquidity vulnerabilities at least nine months before receivership but failed to act, owing to unclear decisionmaking authority and weak accountability. The speaker says the Federal Reserve is considering changes to make decision rights clearer and examiners more accountable, and discusses how such modernization could improve supervision globally, including through the Basel Committee on Banking Supervision and the Financial Stability Board.