Darren Easton on Nostr: As far as I can tell both the SEC and FCA are to blame for the catastrophic failure ...

As far as I can tell both the SEC and FCA are to blame for the catastrophic failure of Silicone Valley Bank.

When rates went up unrealised losses snowballed to $16bn by Sep 22, the bank was technically insolvent. The warning signs were there, but where were the regulators?#SVB