Silicon Valley Bank’s collapse & Signature Bank

[Tiangou]

M A V I C wrote:
Reading other sources, what played a much bigger role was the Fed's rapid increase in interest rates.

...Which wouldn't have had any significant effect had the bank employed a risk officer, been subject to audits, and made periodic stress tests per the previous regs.

Interest rates fluctuate. This is BASIC. It should have been factored in and their strategy modified accordingly.

It took a phenomenal amount of recklessness to get here. With any oversight, this would have been caught early and nipped in the bud.