Remove Application Remove Banking Remove Corporate Governance Remove Mitigation
article thumbnail

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

LogisManager

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. Failing to implement an ERM program under these circumstances is negligence.

Banking 98
article thumbnail

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. They are the ones who “own” the risk and are responsible for taking actions to mitigate it.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. They are the ones who “own” the risk and are responsible for taking actions to mitigate it.

article thumbnail

The Best Governance, Risk, and Compliance Software to Consider

Solutions Review

Additionally, users can integrate their risk management programs, including the identification, assessment, response, mitigation, and monitoring in a highly visual and intuitive way. Additionally, RSA Archer GRC provides multiple systems for the different needs of corporate governance. Platform: Enablon. Platform: Enablon.