Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
Macro Musings with David Beckworth
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Bank Failure - Why Didn't They See This Coming?
The auditors KPMG 14 days before gave a clean bill of health. The San Francisco Fed was the main regulator for the bank, right? Yep. And so one question is why didn't they see this coming? Another regulatory issue would be the changes that were made. I believe in 2018, 2019, where they exempted these mid-range to large banks up until a G-SIP. So you want to be thinking again, maybe longer term.
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