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To me, the bigger problem is that bank balance sheets are only visible on an annual or bi-annual basis. On top of that, "hiding" assets via HTM/AFS treatment rather than MTM treatment is even worse.

We need to get to a point where asset reporting is weekly, or ideally daily, so risks are out in the open.

If you're actively paying attention to things like that as a matter of course then you're a much more effective person than I am.

A decent sized startup with a CFO or even just decent advisers should be conducting due diligence on banking partners with over $250k in deposits. I’m in crypto which is a different world, but the idea that I would advise a project to deposit their treasury into a defi protocol I was not continuously risk monitoring is insane to me.

We are asking for regulation to prevent this failure from occurring again.

How many people here have pointed you at the precise regulation that existed for this purpose, that SVB directly lobbied to have removed?