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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.

Banking 98
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Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

In a land of rising costs and rising risks, many business owners may consider protecting their business operations as a continued priority, no matter what happens to cost. Key Action Steps for Risk Managers. It is essential to be proactive when it comes to risk management. This is the time to leverage that trust.

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How Banks Can Prepare for the FDIC’s Proposed Standards

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Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy. What Changes Can Banks Expect When delving into some of the specific changes banks can expect to see, the frequency of risk appetite statements will come into focus.

Banking 98
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State of the Nation - a UK Perspective on Covid-19

Emergency Planning

Since the start of the crisis, I have constantly affirmed that the key to understanding the effects of this pandemic is the UK Government's failure to give adequate weight to emergency planning and management (Alexander 2020a, 2020b). Plans were made in the UK in 2006, 2008, 2011 and 2014. I have taught it every year since then.

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Economic Impact of Russia Sanctions

Fusion Risk Management

The price per barrel of oil has increased to levels not seen since the financial crisis of 2008. Strengthen your third-party risk management program to ensure you have visibility into your business operations and potential impacts and continuously monitor your supply chain for sanctions to ensure you are able to operate lawfully.

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Towards a Taxonomy of Disasters

Emergency Planning

Tierney (2008) provided a functional semantic classification of the size of extreme events (revised by Alexander 2016, p. ) Natural hazard impacts on industry and critical infrastructure: natech risk drivers and risk management performance indicators. Disasters 42(S2): S265-S286. Krausmann, E., Girgin and A. Necci 2019.

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Looking Around the Corner: Why ESG Has Never Been More Important

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Keep reading to learn why ESG has become more important than ever, why companies should care about it, the challenges businesses are facing when it comes to ESG (and how to address those challenges) and ultimately why taking an Enterprise Risk Management approach to implementing and managing your ESG strategy is critical for success.