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FDIC Admits to First Republic Supervision Shortcomings

by Starling Insights

Observations

Sep 27, 2023

The US Federal Deposit Insurance Corporation (FDIC) has released a post-mortem report on its oversight of First Republic, admitting that it missed opportunities for a more holistic approach to supervising the bank.

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SF Fed Head of Supervision to Step Down

by Starling Insights

Observations

Sep 05, 2023

The Federal Reserve Bank Of San Francisco's Head of Supervision and Credit, Azher Abbasi, is set to retire on October 31. Abbasi leads bank supervision at the San Francisco Fed, which has faced criticism for its allegedly deficient oversight of Silicon Valley Bank (SVB) before its collapse. Although not explicitly named, Abbasi has come under scrutiny in post-event evaluations and from Congress members regarding SVB's failure.