Before Collapse of #SiliconValleyBank #Fed Spotted #BigProblems. Bank was using an #incorrect #model as it #assessed its own #risks amid #rising #InterestRates & spent much of 2022 under a #SupervisoryReview....By early 2023, #SVB was in what the Fed calls a #HorizontalReview,” an assessment meant gauge strength of #RiskManagement. Checkup identified additional deficiencies but at that point the bank’s days were numbered. In early March, it faced a run & failed w/in days. https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html
#siliconvalleybank #fed #bigproblems #incorrect #model #assessed #risks #rising #interestrates #supervisoryreview #svb #horizontalreview #RiskManagement
@CarolNelson523 @actuallyautistic @simid That statistic is scary! I can tell you we are an #actuallyautistic #household. And though I knew I’ve always been #different, I never was #assessed let alone #dx in my youth. I absolutely didn’t connect those dots until I’d been working through my son’s challenges in the world. And it’s been astonishing to me how very crowded this group of us is!
#actuallyautistic #household #different #assessed #dx