Comment by landemva
3 years ago
It's their job.
https://www.federalreserve.gov/supervisionreg/topics/capital...
The private club Federal Reserve branch in SFO was supposed to regulate SVB which had C-level executive on BoD of the regulator. The regulator failed to take prompt corrective action when SVB had capital inadequacy. SVB subsequently, months later, had inadequate capital to continue operating.
> SVB had capital inadequacy
based on which criteria?