Fed report highlights mismanagement and weak oversight in Silicon Valley Bank collapse.
TL;DR Summary
The Federal Reserve Board has released the results of its review of the supervision and regulation of Silicon Valley Bank, which found that the bank's board of directors and management failed to manage their risks, and that Federal Reserve supervisors did not fully appreciate the extent of the vulnerabilities as the bank grew in size and complexity. The report includes more than two dozen documents containing the bank's confidential supervisory information and details the bank's rapid growth, as well as the challenges Federal Reserve supervisors faced in identifying the bank's vulnerabilities and forcing the bank to fix them.
- Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr Federal Reserve
- Fed report on Silicon Valley Bank collapse blames mismanagement, weak government oversight Fox Business
- Fed autopsy on SVB faults bank's management — and its own oversight CNN
- Fed Slams Its Own Oversight of Silicon Valley Bank in Post-Mortem The New York Times
- Fed report on SVB collapse faults bank's managers — and central bank regulators CNBC
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
77%
418 → 98 words
Want the full story? Read the original article
Read on Federal Reserve