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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. ” You can outsource the activity to the vendor but not the risk.

Banking 98
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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements. It formalizes existing third-party outsourcing requirements and provides more prescriptive guidance on regulatory expectations.

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Capita Hack: A Case Study of What Not To Do …

Plan B Consulting

About Capita Capita is a large outsourcing company based in the United Kingdom. The company specialises in providing business process outsourcing, professional support services, and technology-enabled solutions, to both public and private sector organisations. It might also deter organisations from using their cyber services.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum . Fusion’s solutions serve as a data hub for risk and resiliency, enabling you to : .