Re:Yellen says government will help SVB depositors but rules...
by JumpCrisscross on Sunday March 12, 2023 @11:53AM
(#35121603)
> We should have better regulation so this couldn’t have happened in the first place
We do. SVB lobbied successfully to exempt itself from the Fed’s stress tests and Basel III, both of which test assets for interest rate risk and would have caught this problem.
We do. SVB lobbied successfully to exempt itself from the Fed’s stress tests and Basel III, both of which test assets for interest rate risk and would have caught this problem.