Do the recent bank failures imply that the banking industry could use more actuaries?

Question

Curious to see what others think.

Answer 1

In hindsight, I wish I would've made this a poll, but it seems the overwhelming consensus is "no".

Answer 2

Is it more than one that failed? I thought it was just SVB.

Answer 3

No! Not that they are not using actuaries/quants. Thing is how they use them and whether those works are usable/relevant for the decisions.

Answer 4

Just curious, do they have things like BASEL II, that heavily penalizes their capital when the ALM / concentration risks / etc are poor, just like our actuarial solvency calculation? Not in European market so no idea actually.

Answer 5

I can promise you those banks failed because they ignored any sort of risk advice given to them

Answer 6

No, and it seems like a regulation/deregulation cycle is just part of the American way as who is in power cycles