Silicon Valley Bank had no official chief risk officer for 8 months (fortune.com) 40 points by ndesaulniers 3y ago ↗ HN
[–] voisin 3y ago ↗ They would have had a whole department though. If one specific role was required to avoid this then god help us.
[–] college_physics 3y ago ↗ It is not clear if this was a breach of US banking regulation though. Independent risk management functions within banks become a big thing after the 2008 financial crisis but it was up to countries how to implemented Basel recommendations.
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