3 ms·
I don't know about post pandemic, but pre pandemic >50% of BoA deposits were uninsured. Anyways this is kind of a nonsequitur because GSIB goes quite a bit bey
by dmoy 3y ago
I don't know about post pandemic, but pre pandemic >50% of BoA deposits were uninsured.
Anyways this is kind of a nonsequitur because GSIB goes quite a bit beyond just FDIC coverage.
- keep_reading 3y agoGSIB is just a list made after analyzing the global markets in the wake of the 2008 crisis and those on the list have some additional reporting requirements, nothing more nothing less.
- dmoy 3y agoand additional reserve requirements, and the implicit backing of governments due to their status as "too big to fail" It may not be written down explicitly in the definition of gsib, but it definitely goes beyond just fdic