The Federal Reserve Board (“FRB”) Inspector General (the “OIG”) has issued a highly critical report regarding FRB supervision of Silicon Valley Bank (“SVB”) in the years preceding the bank’s failure in March 2023. The oft-told tale of the demise of Silicon Valley Bank is included in the OIG report and will not be repeated here. Suffice it to say that that SVB’s failure was the result of unchecked growth in an operating environment that lacked adequate risk management and governance...By: Kilpatrick Townsend & Stockton LLP.