Their a&l committee told them to change their asset mix in 2020 and they didn’t to preserve their profits[0]. All bank risk assessment regimes measure both cre

Their a&l committee told them to change their asset mix in 2020 and they didn’t to preserve their profits[0]. All bank risk assessment regimes measure both credit and interest rate risk. Measuring 1 in isolation is idiotic for now obvious reasons. [0] https://www.bloomberg.com/news/articles/2023-03-13/svb-failure-sparks-blame-game-over-trump-era-regulatory-rollback https://www.bloomberg.com/news/articles/2023-03-13/svb-failu...