Euskaraz irakurri: SVBen egindako kudeaketa ikertu eta horri buruzko txostena argitaratuko du Erreserba Federalak maiatzean

The Federal Reserve of the United States (Fed) announced yesterday, Monday, that it is investigating its management and supervision of the Silicon Valley Bank following its debacle, and will publish a report with its conclusions next may 1.

“We must be humble, and carry out a careful analysis and thorough discussion of how we have supervised and regulated this bank, and what we should learn from this experience,” Fed Vice President for Supervision Michael Barr said in a statement.

Barr will be in charge of leading the investigation after the fiasco of the SVB, which had to be intervened by the California authorities last week and whose fall has caused tension in the Bank System.

“Events related to Silicon Valley Bank require careful analysis. thorough, transparent and fast by the Federal Reserve”, added, for his part, the president of the Fed, Jerome Powell, in the letter.

European Central Bank meeting this Thursday

The sharp falls that European banks are registering would also be weighing on the aggressive tone maintained by the European Central Bank (ECB) with the rises in interest rates looking forward to the meeting of this Thursday of the institution, where a new rise of 50 basis points was expected a priori.

There is a feeling in the market that something could break here too, which is why European banks are being heavily penalized, says Sergio Ávila, IG Market Analyst, for whom, more than a contagion problem, it could be a problem that with the continuation of the aggressive policies of central banks, more banks may find themselves in a similar situation, also in Europe.

In this sense, the XTB analyst, Darío García, also says that the market is beginning to discount a rise of 25 basis points for the next meeting, although in the case of the ECB, he considers that the decision would already be made and the rise will be maintained. of 50 basic points for this Thursday, although does not rule out a change of position of the entity chaired by Christine Lagarde.

In fact, according to updated forecasts from Goldman Sachs, the US Federal Reserve (Fed) will not raise interest rates at the meeting to be held next week.

Source: Eitb

Ricardo

Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.