Bank Regulators Flag Problems at Higher Rate, Look to Tighten Oversight Amid Bank Failures and Credit Delinquencies
NEW YORK, NY – The Federal Reserve’s top supervisory official, Michael Barr, announced on Friday that regulators are increasing their scrutiny of banks, conducting additional exams, and flagging problems at a higher rate over the past year. This heightened oversight comes in response to concerns over bank failures, inflation, and credit card delinquencies. Barr stated that bank examiners are particularly focused on how firms are managing commercial real estate risk as this sector faces post-pandemic …