Why the Fed Got it Wrong: Reforming the Basel III Framework
How regulations designed for the 2008 financial crisis failed to prevent the runs on SVB and Signature, and how we can prevent similar runs in the future.
This is the last article on the Silicon Valley collapse for a while, and it’s a long one. Barring major news, I’ll be moving on to other, less dense topics next week. If you are interested in catching up on previous articles on this topic, see my posts on interest rate shocks, the relative safety of small community banks, and First Citizens’ buyout of S…