On: Joint statement by the Department of the Treasury,...

[Swenrekcah]

Also that would really have been an example of arbitrary changes to the rules on the fly.

[cornholio → Swenrekcah]

They can make those rules and preparations beforehand, for the next SVB, Signature etc. Banks would definitely want to optin under such a protective regime and have their systems ready since it alleviates customer panic in an event of a liquidity crisis.