​​The FDIC's proposal for deposit reform is narrow and uninspiring—and it just might work

When it comes to deposit insurance rules, the Federal Deposit Insurance Corporation (FDIC) only wants the US Congress to change what it absolutely must. In a new report issued in the wake of Silicon Valley Bank’s failure, the banking regulator posits that it’s only business banking accounts used for payroll that need extra deposit insurance, and not the entire system of deposits.

A reform this narrow means that for other account categories, customers would still need to mind the FDIC insurance limits—currently $250,000 per depositor for each type of account at an insured institution.