U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren asked Federal Reserve officials and Starling Trust Sciences CEO Stephen Scott to explain reports that private parties received the Federal Reserve commissioned report on Silicon Valley Bank’s failure before its public release. The inquiry focuses on whether early access, reportedly provided to parties including law firm Davis Polk, violated Federal Reserve rules governing confidential supervisory information and other nonpublic information. Letters to Federal Reserve Vice Chair for Supervision Michelle Bowman, Division of Supervision and Regulation Director Randall Guynn and Scott request the identities of recipients, related emails and details of who authorized and selected the parties. Warren also asked whether the Federal Reserve general counsel reviewed the report and approved its release under 12 CFR Part 261 Subpart C, and whether the Federal Reserve has policies for providing advance copies of reports to private parties. Responses are requested by Oct. 22, 2026.
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member seeks answers on private access to Federal Reserve SVB report
U.S. Senate Banking Committee Ranking Member Elizabeth Warren requested information about reports that private parties received the Federal Reserve commissioned report on Silicon Valley Bank’s failure before publication. She asked Federal Reserve officials and Starling Trust Sciences’ CEO to identify recipients and approvals and explain whether the disclosure complied with rules on confidential supervisory and other nonpublic information by Oct. 22, 2026.