Fed, FDIC officers to testify on current financial institution failures earlier than Home committee March 29

WASHINGTON (Reuters) – The highest regulatory officers for the Federal Reserve and Federal Deposit Insurance coverage Company will testify earlier than a Home panel on March 29 to debate the current failures of Silicon Valley Financial institution and Signature Financial institution (NASDAQ:).

The Home Monetary Providers Committee introduced the listening to on Friday, and mentioned future witnesses could also be added. Fed Vice Chair for Supervision Michael Barr and FDIC Chairman Martin Gruenberg are scheduled to testify.