Nairobi, March 15 -- Silicon Valley Bank (SVB), the largest commercial bank in Silicon Valley in America was put under regulatory administration last Friday after failing to raise new money to cover its funding shortfalls that were occasioned by realised impairments on its bond portfolio holdings.

SVB was a niche regional bank largely serving the tech community in California's Silicon Valley and its failure probably presented the largest banking failure since the 2008 global financial crisis.

The impairments on its bond book were in themselves largely a central banking anomaly.

For several years, central banks in the developed world especially the US Federal Reserve, had been scouring the ocean floor in search of a two percent inflatio...