(The Center Square) — A bipartisan group of senators is demanding answers about what led to the collapse of Silicon Valley Bank and what knowledge the federal government may have had about it beforehand.

Sen. Kyrsten Sinema, I-Ariz., and Sen. Thom Tillis, R-N.C., along with numerous other Republican and Democrat senators, said in a letter to Federal Reserve Vice Chair Michael Barr that they are “deeply concerned that regulators may have missed clear warning signs in the lead up to the failure of SVB.”

“It is gravely concerning that retail participants, utilizing only publicly available information, were able to identify clear and compelling examples of financial mismanagement and asset over-concentration at SVB, while the Fed, which can draw even deeper from non-public supervisory information, was unable to ascertain a similar conclusion,” the letter states.

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.