14 March 2023
Do not rely on Regulation!
Regulators are beholden to to politicians who in turn are beholden to the industries they are supposed to regulate. Banking regulations were loosened substantially in the United States towards the end of the last decade. The current crisis of confidence is to a large extent due to wrong policies pursued by regulators and the Federal Reserve Bank. The situation in the Eurozone and the UK is not much better.
Lesson for all Investors: diversify your banking relationship and if possible invest in assets that are not dependent on a healthy bank.
Private Banking Advisory is happy to analyse risks contained in your investment holdings.
How Silicon Valley Bank skirted Washington's toughest banking rules
Labels:
Banking,
Regulation,
Risk