I’m don't post often on social media, but I can’t help but say something about the bank failures this week of #SVB and #Silvergate (yes I consider that a failure as well) and why regulators' focus on bank exposure to #Bitcoin and #Crypto misses the mark. A thread...
[1/10] Others have discussed the risk management failures that led to these collapses, but what I think is worth pointing out is the incongruence of the federal and state banking regulators’ guidance and regulatory priorities.
[2/10]