U.S. regulators have tools to handle banking turmoil: ex-comptroller

Fed response to SVB collapse bogged down by legal restrictions, Eugene Ludwig says

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The collapse of Silicon Valley Bank has fueled turmoil among U.S. regional banks. © Reuters

YUMIKO OSHIMA and MOMOE BAN, Nikkei staff writers

NEW YORK -- As the string of U.S. regional bank failures in recent months spurs talk in Congress about tougher regulation, former Comptroller of the Currency Eugene Ludwig argues that regulators "have more than enough authority" to handle the problem.

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