The most compelling piece of the puzzle to me (an engineer) is the notion of stress testing as part of regulation.
SVBs problems didn't appear overnight. With each rate hike they were a bit worse, but had they been forced to act earlier rather than later it would have helped a lot. Regular stress tests would have performed that function.
SVBs problems didn't appear overnight. With each rate hike they were a bit worse, but had they been forced to act earlier rather than later it would have helped a lot. Regular stress tests would have performed that function.