Birdwatch Note Rating
2023-03-12 15:02:35 UTC - HELPFUL
Rated by Participant: 7DA093B2FA035ACF6D51CCBEA31A15784396CD9EE514C2F2E07293DF3F528C57
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