Fed's Powell Says SVB Shows Liquidity Rules Are Outdated

The transcript discusses the need for stronger supervision and regulation for banks, awareness of cultural shifts in regulatory practices, and the accuracy of reports. It highlights the importance of proactive steps in regulation, particularly in updating liquidity regulation to address outdated assumptions about bank runs.

What does the speaker suggest about the need for stronger supervision and regulation?

In what way does the speaker believe the current liquidity regulation is outdated?