xNY.io - Bank.org collates 214 highlights to the "Review of the Federal
   Reserve’s Supervision and Regulation of Silicon Valley Bank."
   [1]https://drive.google.com/file/d/1LXZB60lmoAnZiTaC5q6cmfLuOKPzG4AT/vi
   ew?usp=drivesdk
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   Silicon Valley Bank (SVB) failed because of a textbook case of
   mismanagement by the
   bank. Its senior leadership failed to manage basic interest rate and
   liquidity risk. Its board of directors failed to oversee senior
   leadership and hold them accountable. And Federal Reserve supervisors
   failed to take forceful enough action, as detailed in the report.
   The four key takeaways of the report are:
   1. Silicon Valley Bank’s board of directors and management failed to
   manage their
   risks.
   2. Supervisors did not fully appreciate the extent of the
   vulnerabilities as Silicon
   Valley Bank grew in size and complexity.
   3. When supervisors did identify vulnerabilities, they did not take
   sufficient steps to ensure that Silicon Valley Bank fixed those
   problems quickly enough.
   4. The Board’s tailoring approach in response to the Economic Growth,
   Regulatory Relief, and Consumer Protection Act (EGRRCPA) and a shift in
   the stance of
   supervisory policy impeded effective supervision by reducing standards,
   increasing complexity, and promoting a less assertive supervisory
   approach.

References

   1. https://drive.google.com/file/d/1LXZB60lmoAnZiTaC5q6cmfLuOKPzG4AT/view?usp=drivesdk