Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked board effectiveness, risk management and internal audits within its operations, and had 31 outstanding supervisory warnings when the bank collapsed in March. Similarly, the Fed failed to follow up on […]
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- Source: https://bankautomationnews.com/allposts/risk-security/svb-fed-guilty-of-poor-management-of-the-failed-bank/
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