Fed's Barr: Bank Management and Regulators Failed on SVB

Federal Reserve Vice Chair for Supervision Michael Barr says the failure of bank management, supervisors and the US regulatory system caused the SVB collapse. in response to Representative Maxine Waters during a House Financial Services Committee hearing. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en