Supervising SVB the top manager of Federal Reserve Bank of San Francisco Abbasi will leave the post

Moscow. August 29. information agency "Interfaks" - the Executive vice-president Federal Reserve Bank of San Francisco Azher Abbasi who was responsible for bank supervision, will leave the post on October 31. Abbasi working in Federal Reserve Bank of San Francisco since 2015, in particular, supervised Silicon Valley Bank (SVB) which failed in March of the current year. After this Abbasi, and also the president of Federal Reserve Bank of San Francisco Marie Deyli, underwent sharp criticism. The situation with SVB after which failed two more bank, revealed shortcomings of management in the regional FRB which is responsible for supervision of small and average by the size...