News for hackers. Stuff that matters.

A comment on Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse. Parent comment

Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by FireBeyond on Tuesday March 21, 2023 @10:56AM (#35247103)
When a bank complains about the onerous, expensive or excessive costs associated with risk management and compliance, what they're really saying is:

"If it wasn't for that pesky government, we'd more than happily take more risks with -your- money!"

[ Parent | on HN ]
Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by ameister14 on Tuesday March 21, 2023 @11:06AM (#35247264)
That's both true and not true.

So sure, banks want to take more risks with your money. But if you start to understand the web of banking regulations, you'll see that there are multiple different groups with oversight, each with different goals and different regulatory frameworks. It's extremely difficult to maintain compliance and the complexity is a problem for a number of reasons, including the fact that a lot of the regulations are legacies of a time before interstate banking.

[ Parent | on HN ]