Birdwatch Note Rating
2023-03-13 09:50:33 UTC - HELPFUL
Rated by Participant: 1BAA992A8FC724CF80D7F7C5FCC6BB31CC38D2DE9E3C6FB85B37554D6954B848
Participant Details
Original Note:
“That bill raised asset threshold banks must undergo stress tests from $50 billion to $250b. SVB would have been required to undergo regular stress tests before the revision; among the stresses you look at are sharp rises in interest rates, which is apparently what did in SVB.” https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
All Note Details