“We must get the full accounting of what happened and why those responsible can be held accountable,” Biden said. “In my administration, no one – no one is above the law. And finally, we must reduce the risk of this happening again. During the Obama-Biden administration, we put in place tough requirements on banks, like Silicon Valley Bank and Signature Bank, including the Dodd-Frank law to make sure that the crisis we saw in 2008 would not happen again.”
Source: https://www.coindesk.com/es/policy/2023/03/13/president-biden-calls-for-stronger-bank-regulations-in-wake-of-svb-signature-bank-collapses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines