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Bank collapses highlight regulatory gaps

Inside the Federal Reserve Board building, rescue efforts continue. IPhoto: Getty Images

Carmen Cracknell

1 min read
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Silvergate, Signature Bank and Silicon Valley Bank (SVB) have all collapsed in the space of a week, highlighting a number of regulatory failures and the fragility of crypto banking.

SVB was subject to a number of regulatory appraisals over the years for, among other things, violations of the Bank Secrecy Act and AML deficiencies.

The series of implosions is attributed to the impact of last year’s downfall of FTX. Silvergate announced its liquidation on March 8. A warning was

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