Darren Easton on Nostr: As far as I can tell both the SEC and FCA are to blame for the catastrophic failure ...
As far as I can tell both the SEC and FCA are to blame for the catastrophic failure of Silicone Valley Bank.
When rates went up unrealised losses snowballed to $16bn by Sep 22, the bank was technically insolvent. The warning signs were there, but where were the regulators?#SVB
Published at
2023-03-13 10:13:01Event JSON
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"content": "As far as I can tell both the SEC and FCA are to blame for the catastrophic failure of Silicone Valley Bank. \n\nWhen rates went up unrealised losses snowballed to $16bn by Sep 22, the bank was technically insolvent. The warning signs were there, but where were the regulators?#SVB",
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