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Review of the Federal Reserve’s Supervision and Regulation of Silicon Valley Bank

This report examines the factors that contributed to the failure of Silicon Valley Bank in March 2023 and reviews the role of the Federal Reserve (FED), which was the primary federal supervisor for the bank and its holding company, Silicon Valley Bank Financial Group.

The report discusses in detail the management of the bank and the supervisory and regulatory issues surrounding the failure of the bank. It goes through the recent supervisory history of Silicon Valley Bank and includes more than two dozen documents containing the bank’s confidential supervisory information such as supervisory letters, examination results, and supervisory warnings.

The report and documents detail 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.

Categories: Recommended Readings
Author: BGFRS