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Risky Business at Silicon Valley Bank: What Happened?

DRI Drive

As federal regulators take over Silicon Valley Bank in the wake of its collapse, many finance sector resilience professionals are looking at its risk management strategies to figure out what went wrong. When the SVB collapse was announced on Mar.

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Financial Panic in the Age of Digital Banking Social Media

The Rand Blog

Bank runs as a source of systemic risk are nothing new. To manage systemic risks in the age of social media, regulators may need to anticipate where the crisis will go and build in automatic brakes to slow them down. There likely won't be time to react at the speed of negotiation between regulators and bankers.

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The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

While the Bank itself bears the bulk of the responsibility for its own demise, in this article we are going to look at the multiple factors leading to the collapse of Silicon Valley Bank. Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies.

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


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.

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The role of IT architecture in a transformed banking experience


The banking industry has seen unrivaled transformation over the last decade — from significant regulatory reform to the establishment of multiple digital banks changing the game for incumbent high street players.

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How banks can meet expectations for the evolving future of work


government lifted its work-from-home guidance, large banks and insurers were among the first to announce plans to return to the office. HSBC and Standard Chartered both asked staff to come back within days of the guidance being … The post How banks can meet expectations for the evolving future of work first appeared on Citrix Blogs.

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What a 1930s Bank Robber Can Teach Financial Institutions About Ransomware

Pure Storage

Legend has it that when Willie Sutton, a notorious bank robber from the last century, was asked why he robbed banks, he responded, “That’s where the money is.” Willie Sutton didn’t rob banks at random. Willie Sutton was remarkably successful because he always zeroed in on banks with the most readily available cash and valuables.

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