Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC
LogisManager
MAY 9, 2023
Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. ” You can outsource the activity to the vendor but not the risk.
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