LogisManager

OCTOBER 19, 2023

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. The first line of defense, typically the business units, can use the software to conduct risk assessments, document risks, and develop mitigation plans.

Banking 98

Banking Corporate Governance Audit Risk Management 98

LogisManager

MAY 9, 2023

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. This mitigated the risk of losing money if the collection agency went bankrupt.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

OCTOBER 7, 2024

Later scandals after the 2008 financial crisis also increased the importance of robust internal controls. Risk assessments provide a basis for risk management and mitigation. It’s essential to perform these assessments regularly to assure that the proper controls are in place to mitigate and manage existing and evolving risks.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

OCTOBER 7, 2024

Later scandals after the 2008 financial crisis also increased the importance of robust internal controls. Risk assessments provide a basis for risk management and mitigation. It’s essential to perform these assessments regularly to assure that the proper controls are in place to mitigate and manage existing and evolving risks.

Audit 52

Audit Corporate Governance Evaluation Activation 52