In a statement released on March 19, 2023, US Senator Elizabeth Warren has called for an independent investigation into the failures of Silicon Valley Bank (SVB) and Signature Bank. The Senator has alleged that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for the regulatory and supervisory issues that contributed to the banks’ failures. Lapses in Regulatory and Supervisory Process Warren’s call for an investigation comes after the collapse of SVB and Signature Bank raised…