SEC Commissioner Mark T. Uyeda criticized the SEC’s current regulatory approach, stating that recent rulemakings have been focused on “unrealistic expectations of how the world functions and how it ought to be.”

CRS reviewed (i) the legal development of bridge banks, (ii) how bridge banks currently operate, and (iii) areas for potential legislative and regulatory reform.

House Financial Services Committee Chair Patrick McHenry (R-NC) and Senate Banking Committee Ranking Member Tim Scott (R-SC) requested information from the FDIC and FRB regarding their regulatory oversight of Silicon Valley Bank and Signature Bank in the two years leading up to the banks' collapse.

Comments are due by May 22, 2023 on an SEC proposal that would implement cybersecurity risk management and reporting requirements.

A bank holding company entered into a plea agreement for filing false securities statements as to its initial public offering and subsequent annual filings.