SVB, Signature Failures Drive Calls for Urgent Bank Supervision

A lack of ‘urgency’ among federal banking supervisors to fix shortcomings at Silicon Valley Bank and Signature Bank emerged as a common theme in sweeping government reports on the banks’ failures.

But as regulators weigh how to act more decisively to avert future bank collapses, there may not be an easy fix.

Reports released Friday by the Federal Reserve and Federal Deposit Insurance Corp. on the March failures of SVB and Signature, and a new Government Accountability Office report on the banks’ collapses, all highlight how problems flagged by federal supervisors on everything from interest rate risks to uninsured deposits ...