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This was indeed the specific regulation that would have stopped SVB's books from being allowed to get into its present state, yes. It was a Basel III requiremen
by davidgerard 4y ago
This was indeed the specific regulation that would have stopped SVB's books from being allowed to get into its present state, yes. It was a Basel III requirement after the 2008 financial crisis.
- egberts1 4y agoExcept that SVB is considered a "nonbank" by Federal Reserve, no?
- davidgerard 4y agono? in what way?