The official post-mortem of Silicon Valley Bank (SVB) does not make for an enjoyable read. Michael S Barr, vice-chair for supervision at the Federal Reserve, was tasked with conducting a rapid review of the bank’s failure, and the regulatory and supervisory circumstances surrounding it. And he does not hold back.
The European Bank for Reconstruction and Development’s annual meeting returned to Uzbekistan recently for the first time since 2003, when the meeting’s usual focus on infrastructure investments and the private sector gave way to concerns about the country’s poor human rights track record under former president Islam Karimov.
