Washington, D.C. — Heather Hogsett, senior vice president, technology and risk strategy for BITS — the technology policy division of the Bank Policy Institute — will testify today before the U.S. House Subcommittee on Cybersecurity and Infrastructure Protection. The testimony examines the state of cybersecurity in the United States and how the Cybersecurity and Infrastructure …

Chairman Garbarino, Ranking Member Swalwell and Honorable Members of the Subcommittee, thank you for inviting me to testify. I am Heather Hogsett, Senior Vice President of Technology and Risk Strategy for BITS, the technology policy division of the Bank Policy Institute (BPI). BPI is a nonpartisan policy, research and advocacy organization representing the nation’s leading …

Washington, D.C. — The Bank Policy Institute submitted comments to the Financial Crimes Enforcement Network today expressing concern about the proposed reporting form for its beneficial ownership final rule. The proposal would allow reporting companies to omit information as “unknown” or “unable to identify” without requiring them to clarify why the information could not be …

As we learn more about the circumstances that led to the failure of Silicon Valley Bank, below are some of the questions we are hearing, and our answers.  We won’t duplicate our initial statement and its sense that SVB was more a question of failed management, examination and resolution than of failed regulation, and that …