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Silicon Valley Bank had no official chief risk officer for 8 months
- voisin 4y agoThey would have had a whole department though. If one specific role was required to avoid this then god help us.
- college_physics 4y agoIt is not clear if this was a breach of US banking regulation though. Independent risk management functions within banks become a big thing after the 2008 financial crisis but it was up to countries how to implemented Basel recommendations.