Fed Seeks Stronger Bank Rules While Detailing Oversight Lapses

The Federal Reserve’s bank-supervision chief called for an extensive reevaluation of requirements for US financial firms as regulators said the failures of Silicon Valley Bank and Signature Bank exposed lapses in oversight.

The central bank will revisit the range of rules that apply to firms with more than $100 billion in assets, including stress testing and liquidity requirements, Michael Barr, the Fed’s vice chair for supervision, said in a letter accompanying a lengthy report released in Washington on Friday.

Separately, the Federal Deposit Insurance Corp. on Friday said it was too slow to respond to problems at Signature Bank ...