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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.

Banking 98
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What Does Good Look Like in the Era of Operational Resilience?

Fusion Risk Management

Operational resilience transcends mere checklists; it is the outcome of effective operational risk management. This presents a unique challenge, as operational risk often operates in silos, complicating the aggregation and effective management of risk.

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How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy. What Changes Can Banks Expect When delving into some of the specific changes banks can expect to see, the frequency of risk appetite statements will come into focus.

Banking 98
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Security Industry Association Announces Winners for the 2024 Denis R. Hébert Identity Management Scholarship

Security Industry Association

Identity management encompasses many aspects of risk management, public policy, fraud prevention, privacy, data analysis, risk and governance, information technology and security. “My My sincere congratulations to this year’s recipients of the Denis R. Samuel Silvamolina is an electronic security systems engineer at M.C.

Security 105
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BCM Basics: Business Continuity vs. Business Resilience 

MHA Consulting

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 risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.

BCM 105
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Economic Impact of Russia Sanctions

Fusion Risk Management

The price per barrel of oil has increased to levels not seen since the financial crisis of 2008. Strengthen your third-party risk management 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.

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The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

The bank’s leadership failed to implement effective risk management 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.

Banking 59