Chanticleer
SVB collapse is a blight on US regulators
America’s state-based banking regulation system tries to balance innovation and easy credit, relegating prudential supervision to an afterthought.
Everything you need to know about the weaknesses in the regulation of the collapsed Silicon Valley Bank is the title of its primary state-based regulator – the California Department of Financial Protection and Innovation.
Yes, the government entity charged with protecting the deposits in this $US212 billion ($320 billion) financial institution has a mandate to promote innovation in the California economy.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles