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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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What Is Reputational Risk For Banks?

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What Is Reputational Risk For Banks. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks. What is Reputational Risk Management in Banks? Risk management is an essential piece of any bank’s operations.

Banking 52
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What is the Three Lines of Defense Approach to Risk Management?

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The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

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Empowering Credit Unions: Insights and Actions for NCUA’s 2023 Supervisory Priorities

LogisManager

Examiners will evaluate various aspects of a credit union's information security program, such as risk management, data protection, access controls, incident response, and security awareness training. LogicManager's template empowers credit unions to assess and mitigate these risks, effectively protecting customers' financial interests.

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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

article thumbnail

Empowering Credit Unions: Insights and Actions for NCUA’s 2023 Supervisory Priorities

LogisManager

Examiners will evaluate various aspects of a credit union's information security program, such as risk management, data protection, access controls, incident response, and security awareness training. LogicManager's template empowers credit unions to assess and mitigate these risks, effectively protecting customers' financial interests.

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now. Evaluate and if possible, test your business continuity plans. Check it out here: [link].