article thumbnail

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
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

De-Dollarization Readiness: Why Governance is Your Best Defense

LogisManager

Organizations that continue to treat de-dollarization as a niche financial issue risk being blindsided by an abrupt shift that could eclipse the shocks of 2008 and the COVID-era supply chain crises. Todays risk management frameworks are often reactive, fragmented, and overly reliant on documentation.

article thumbnail

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
article thumbnail

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
article thumbnail

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
article thumbnail

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.