> They just don’t have good risk managers. It was worse than not having good risk managers... They didn't have a CRO at all for 8 months, until 2 months ago.

> They just don’t have good risk managers. It was worse than not having good risk managers... They didn't have a CRO at all for 8 months, until 2 months ago. > In the run-up to all this, SVB’s proxy statement, filed earlier this month, reveals that the firm’s chief risk officer stepped away from her role early last year, and the bank did not hire a replacement until this past January. https://fortune.com/2023/03/10/silicon-valley-bank-chief-risk-officer/ https://fortune.com/2023/03/10/silicon-valley-bank-chief-ris...