US SEC’s Atkins, GAO clash over request to remedy factor in banks’ 2023 collapse
By Neil Roland ( September 3, 2026, 21:40 GMT | Insight) -- US Securities and Exchange Commission Chair Paul Atkins and a nonpartisan congressional watchdog butted heads over a recommendation to address the failure of three banks in the spring of 2023. The Government Accountability Office watchdog called for the SEC to provide guidance on how publicly traded banks can assess whether breaches of interest rate or liquidity risk are significant for investors. Atkins balked at this recommendation, saying supervisory tools can address disclosure deficiencies "without resorting to categorical guidance that may result in unintended consequences.”US Securities and Exchange Commission Chair Paul Atkins and a nonpartisan congressional watchdog butted heads over a recommendation to address the failure of three banks in the spring of 2023....
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