Fed stress tests missed instability risks at Silicon Valley Bank

The Federal Reserve is preparing to release a report on its oversight of Silicon Valley Bank before its collapse.
Regulators worried months before the crisis about large uninsured deposits at regional banks and their potential effect on the financial system.
The FDIC focused on big banks after the 2008 crisis but had not scrutinized regional lenders as closely.
An advisory panel discussed responses to failures at major regional banks shortly before Silicon Valley Bank failed.
Experts say regulators' concerns about regionals were prescient given Silicon Valley Bank's failure and its significant costs to the FDIC insurance fund.