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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. Some are quick to conclude rising interest rates and COVID-driven disruptions are to blame.

Banking 98
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The Relationship Between Internal Controls and Internal Audits

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Later scandals after the 2008 financial crisis also increased the importance of robust internal controls. Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time. Internal audits play a vital role in a company’s corporate governance ecosystem.

Audit 52
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The Relationship Between Internal Controls and Internal Audits

Reciprocity

Later scandals after the 2008 financial crisis also increased the importance of robust internal controls. Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time. Internal audits play a vital role in a company’s corporate governance ecosystem.

Audit 52