Federal Reserve Admits Regulatory Failures Contributed to Silicon Valley Bank Collapse

The Federal Reserve released a report admitting its oversight of Silicon Valley Bank was inadequate and standards were too low.
Silicon Valley Bank's mismanagement and risky practices led to its collapse, but Fed supervisors failed to fully understand the problems and take action.
The Fed plans to tighten rules and supervision for midsize banks like Silicon Valley Bank in response.
Executive pay at Silicon Valley Bank encouraged risky short-term decisions, and the Fed may link pay to fixing management problems going forward.
The bank run that led to Silicon Valley Bank's collapse was fueled by social media and the bank's reliance on tech industry clients.