This isn't a hindsight thing, this is a well-understood risk in finance. The lead time on rising interest rates was also significant enough for SVB to have shi

This isn't a hindsight thing, this is a well-understood risk in finance. The lead time on rising interest rates was also significant enough for SVB to have shifted their investment strategy. Regulatory bodies in the US are both underfunded and hamstrung in their ability to regulate, and for a bank of SVBs size, they would not have been a prime target for regulators.