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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

Since the pandemic’s start, the world has continued to demonstrate that disruption is happening and only increasing in frequency and complexity. Currently, TSPs are subject to financial service providers’ requirements via contractual obligations (such as the European Banking Authority’s third-party outsourcing requirements).

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It’s OK, it’s in the Cloud: Lessons from the OVH Cloud Data Centre Fire

Plan B Consulting

Interestingly, most pandemic plans I have worked on or read were all about the loss of staff, looking at anything between 10% – 25% of their staff being off sick. Organisations may have had this percentage of staff off at the peak of the pandemic, but overall have been able to cope with it.

Backup 52
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It’s OK, it’s in the Cloud: Lessons from the OVH Cloud Data Centre Fire

Plan B Consulting

Interestingly, most pandemic plans I have worked on or read were all about the loss of staff, looking at anything between 10% – 25% of their staff being off sick. Organisations may have had this percentage of staff off at the peak of the pandemic, but overall have been able to cope with it.

Backup 52