I am kinda shocked that the focus is still on hedging against a 100% singular (riskiest) form of T-bill investing. Shouldn't we be looking at the implementing

I am kinda shocked that the focus is still on hedging against a 100% singular (riskiest) form of T-bill investing. Shouldn't we be looking at the implementing Basel III capital requirements for ALL financial companies, and not just toward banks (thus exempting non-banks such as SVB)?