By Victoria Guida and Zachary Warmbrodt
The agencies, industry and observers have floated a range of options on how to improve the guardrails over the long term:…Federal Financial Analytics managing partner Karen Petrou said there needed to be more rigorous planning and stress testing of banks’ plans for funding in an emergency, which would help them weather the kind of social media-fueled run that brought down SVB.
https://www.politico.com/newsletters/morning-money/2023/10/17/cash-is-king-00121871