Point of View

The regulatory environment inevitably turns every time there’s a so-called crisis. And we’ve entered one of those regulation-on environments again.  Whether you think the failures of three regional banks last spring created a crisis or not, regulators have been under pressure to formulate a response. The Federal Reserve’s postmortem report on Silicon Valley Bank, for example, blamed bank management, the board and itself for not doing more to prevent the failure. The report said Fed supervisors identified interest rate risk deficiencies at Silicon Valley Bank in the years leading up to its failure but failed to issue a downgrade to…