7 ms·
The response to the Silvergate section was in two parts: one response for solvency, and one response for BSA. The core of the latter is pretty short, essential
by timerol 2y ago
The response to the Silvergate section was in two parts: one response for solvency, and one response for BSA.
The core of the latter is pretty short, essentially "Silvergate was incompetent and the original article is correct as written"
The section mentions Anchorage's OCC consent order for their own BSA issues, as well as an explanation of why these issues are important and gives examples of banks that were shut down by regulators.