“I imagine this is a colossal failure in asset-legal responsibility risk administration,” Mark T. Williams, a previous lender examiner for the Federal Reserve, tells me. Williams is referring to steps that led to Silicon Valley Bank’s seizure by federal regulators on Friday pursuing a financial institution run. It is becoming considered the greatest institutional failure due to the fact the 2008 economical disaster. SVB is a main loan company for the tech and venture cash sectors. But the financial institution didn’t have a chief chance officer for about 8 months, Fortune claimed. SVB’s guardian business, SVB Financial Team, disclosed on March 8 its massive bet—it bought $21 billion of bonds,…