The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject.
In this episode, Matt and I continue our exploration of the collapse of Silicon Valley Bank (SBV) and take a deeper dive into the compliance angles. Silicon Valley Bank had taken some big risks, which led to depositors having a near-death experience, shareholders See more +
The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject.
In this episode, Matt and I continue our exploration of the collapse of Silicon Valley Bank (SBV) and take a deeper dive into the compliance angles. Silicon Valley Bank had taken some big risks, which led to depositors having a near-death experience, shareholders losing all their money, and taxpayers ultimately supporting the bank’s bailout. Despite the auditors giving an anodyne report on the bank’s risk management, the board, management, and regulators all missed the big strategic risks. As a result, the bank collapsed, leaving Matt to question whether stakeholders were given the right assurance on the right things.
Key Highlights:
1. What risk management strategies did SVB senior management and Board miss or ignore that could have prevented the financial disaster?
2. Why did SVB’s management decline to pursue improvements to their risk management practices after being warned by BlackRock consultants?
3. Did regulators miss the red flags the San Francisco Fed examiners raised 18 months before the collapse of SVB? See less -
