On the recordMarch 28, 2023
Had we followed Congress' direction to include contingent capital in the stacks of U.S. large banks, we would have been able to resolve the SVB without hitting the Deposit Insurance Fund.
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congress.govHad we followed Congress' direction to include contingent capital in the stacks of U.S. large banks, we would have been able to resolve the SVB without hitting the Deposit Insurance Fund.
Himes argues for contingent capital to prevent financial fallout from bank failures.
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