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House members focus on need for more oversight of capital and liquidity after failure of Silicon Valley Bank

Last Updated: March 29, 2023 at 3:47 p.m. ET First Published: March 29, 2023 at 1:20 p.m. ET House Financial Services Committee hearing comes one day after Senate Banking Committee addressed Silicon Valley Bank failure Martin Gruenberg, center, chair of the board of directors of the FDIC, told the House Committee on Financial Services Wednesday

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House Financial Services Committee hearing comes one day after Senate Banking Committee addressed Silicon Valley Bank failure

Martin Gruenberg, center, chair of the board of directors of the FDIC, told the House Committee on Financial Services Wednesday that he is resolved to provide more insight into recent bank failures.

Stefani Reynolds/Agence France-Presse/Getty Images

Federal banking regulators, in their second day of testimony on Capitol Hill on Wednesday, emphasized their plans to investigate what went wrong on the government side in the failure of Silicon Valley Bank earlier in March.

Members of the House Financial Services Services Committee met with key officials from the U.S. Federal Reserve, the Federal Deposit Insurance Corp. and the Treasury Department and embarked on two broad lines of questioning, depending on their political party.

Republican…

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