Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
Macro Musings with David Beckworth
00:00
Regulation and the San Francisco Fed's Role
Charles Schwab: I would argue that more of the idiosyncratic things with SBB, lack of interest rate hedges, things like that are probably a supervisory shortcoming as opposed to a regulatory shortcoming. The idea that it's 2018 that caused it is a little goofy to me because this is just a widely known thing. We don't know and part of this is just the secrecy of the supervision process. If Congress does an investigation, we may get some stuff publicized. But unfortunately, that's a big question mark still is where exactly the supervisors were. Charles Schwab: Why is the market running on Swiss banks? And one's probably too much overdone, but it's
Transcript
Play full episode
