San Francisco Fed Bank-Supervision Chief to Retire

The transcript discusses the retirement of Azar Abbasi, the supervision chief at the San Francisco Fed, effective at the end of October. The timing of his retirement is notable, following the scrutiny faced by the San Francisco Fed after the bank failures of Silicon Valley Bank and First Republic Bank. The transcript also covers the policy changes proposed by Vice Chair Michael Barr, focusing on capital requirements and bank evaluations. The San Francisco Fed has largely deferred to the Board of Governors for these changes.

What significant event is associated with Azar Abbasi's retirement?

• The launch of a new banking policy

• The scrutiny of the San Francisco Fed

• The appointment of a new Fed Chair

• The merger of two major banks

Who is responsible for proposing changes to capital requirements?

• Azar Abbasi

• Mary Daly

• Michael Barr

• Katarina Saraiva

What role has the San Francisco Fed played in the proposed regulatory changes?

• They have opposed the changes

• They have led the changes

• They have implemented the changes

• They have largely stayed out of the changes

What is the main focus of the proposed changes by the Board of Governors?

• Decreasing capital requirements

• Expanding bank size under scrutiny

• Increasing bank mergers

• Reducing interest rates

What is the current status of the proposed reforms?

• They have been fully approved

• They are still under review

• They have been rejected

• They are being implemented