Silicon Valley Bank: What can be learned from its collapse
Abstract
The collapse of Silicon Valley Bank (SVB) in March 2023 and its resulting impact on global banking markets have already been exhaustively reported and analysed. This paper examines these events through two different but complementary lenses, root cause analysis and key assumptions check. Together, these methods provide a detailed picture of the causes and derive fact-based conclusions intended to prevent repetition of the mistakes made by SVB's executives and the US banking authorities.
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Author's Biography
Steve Lindo is a financial risk manager with over 30 years' experience managing risks in banking, asset management and insurance. Since 2014, he has been a lecturer in Columbia University's MSc in enterprise risk management programme, as well as Principal of SRL Advisory Services. He is also Co-principal of Intelligent Risk Management LLC. Mr Lindo's earlier career includes executive positions with Fifth Third Bancorp, GMAC Financial Services (now Ally Financial), Cargill Financial Services, First National Bank of Chicago (now part of JPMorgan Chase) and Lloyds Bank, in the US, UK, Spain and Brazil. He has a BA and MA from Oxford University and speaks fluent French, German, Spanish and Portuguese.
Citation
Lindo, Steve (2024, October 1). Silicon Valley Bank: What can be learned from its collapse. In the Journal of Risk Management in Financial Institutions, Volume 17, Issue 4. https://doi.org/10.69554/EWSF5663.
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