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The original asset threshold over which banks were subject to "enhanced prudential standards" in the 2010 Dodd-Frank bill was $50B. In 2018 the requirement was
by insonable 4y ago
The original asset threshold over which banks were subject to "enhanced prudential standards" in the 2010 Dodd-Frank bill was $50B. In 2018 the requirement was amended to >$250B in assets, or at the discretion of the Fed for banks over $100B. SVB was reportedly at $210B in assets.
- bostik 4y agoAnd SVB were one of the banks lobbying for that amendment. At the time they were falling close to the $50B limit themselves. So they certainly would have known at the time that being subject to the stricter regulations would have hurt their profitability.
- andrekandre 4y agothis one? https://www.cnbc.com/2018/05/24/trump-signs-bank-bill-rolling-back-some-dodd-frank-regulations.html https://www.cnbc.com/2018/05/24/trump-signs-bank-bill-rollin...