This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Silicon Valley Bank (SVB) Failures in RiskManagement: 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.
Those attacks, coupled with the 2008 financial meltdown, exposed the limits of an approach that was limited to protecting a handful of essential business processes. Other components include riskmanagement, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.
The price per barrel of oil has increased to levels not seen since the financial crisis of 2008. Strengthen your third-party riskmanagement program to ensure you have visibility into your business operations and potential impacts and continuously monitor your supply chain for sanctions to ensure you are able to operate lawfully.
Keep reading to learn why ESG has become more important than ever, why companies should care about it, the challenges businesses are facing when it comes to ESG (and how to address those challenges) and ultimately why taking an Enterprise RiskManagement approach to implementing and managing your ESG strategy is critical for success.
The bank’s leadership failed to implement effective riskmanagement policies, which led to poor lending decisions. After the exit the risk committee doubled its meetings to 18, suggesting concern and knowledge of the bank’s position. Here are the multiple factors that led to the collapse of Silicon Valley Bank.
Since the start of the crisis, I have constantly affirmed that the key to understanding the effects of this pandemic is the UK Government's failure to give adequate weight to emergency planning and management (Alexander 2020a, 2020b). There were major exercises on pandemics in 2005, 2007 and 2016. Exercise Cygnus Report.
Image: US National Institute of Allergy and Infectious Diseases In terms of its scope, Covid-19 is like no other disaster that has occurred in the last 100 years, since, in fact, the influenza pandemic of 1918-1920 killed more people than both world wars combined, and contributed to the end of the First World War. IRDR Report 2020-01.
Tierney (2008) provided a functional semantic classification of the size of extreme events (revised by Alexander 2016, p. ) The next question is where to draw the boundaries in the study of disasters and practice of disaster risk reduction. International Journal of Disaster Risk Reduction , Article 101163 Marulanda, M.C.,
Economic pressures and a growing consensus that licensing and management overhead have become untenable are leading organizations toward renewed consolidation. Businesses are now looking for a single pane of glass to provide unified policy and riskmanagement across multi-cloud, hybrid, and on-premises environments.
Economic pressures and a growing consensus that licensing and management overhead have become untenable are leading organizations toward renewed consolidation. Businesses are now looking for a single pane of glass to provide unified policy and riskmanagement across multi-cloud, hybrid, and on-premises environments.
RiskManagers, Business Continuity planners and Security personnel take note: this climate will impact your business. The 2008 hotel attacks in Mumbai would have been difficult if not impossible without technology. A quick scan of the headlines will confirm that in the US (and elsewhere) things are getting ugly.
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content