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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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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.

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How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure.

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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

What is the Three Lines of Defense Approach to Risk Management? The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes risk management, compliance, and internal control departments.

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What We Can Learn from the Silicon Valley Bank Failure and Leadership in Risk Management

Business Resilience Decoded

Episode 154: What We Can Learn from the Silicon Valley Bank Failure and Leadership in Risk Management The Silicon Valley Bank failure sent a strong ripple effect through the financials of several prominent companies, and instilled some fear that other banks might fail as well.

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How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. Banks (and other companies) built walls to protect their IT.

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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

What is the Three Lines of Defense Approach to Risk Management? The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes risk management, compliance, and internal control departments.