SVB is based in the bay area of San Francisco, this is not a surprise. Neither is the fact their chief risk officer spent much of her time on diversity, equity, and inclusion and not worrying about financial risk.
I worked at a top 20 bank in the early 2000’s. Our Risk Management guy was a pain in the ass. I despised our RM meetings. But, they made us better operationally and we were in a good position to make it through the dot com bubble recession.