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Risky Business at Silicon Valley Bank: What Happened?

DRI Drive

As federal regulators take over Silicon Valley Bank in the wake of its collapse, many finance sector resilience professionals are looking at its risk management strategies to figure out what went wrong. When the SVB collapse was announced on Mar.

Banking 370
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Is the UK Putting COVID-19 in the Rear View Too Early?

DRI Drive

The Bank of England’s 2022 H1 Systemic Risk Survey asked the UK financial sector how confident they are in the financial system and which risks […]. A recent survey of the United Kingdom’s financial sector sees pandemic response dropping in its risk ranking – are they ignoring indicators that we’re not done with the pandemic yet?

Banking 390
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Event Spotlight: DRI’s One-Day Conference at NYU

DRI Drive

By Diego Robledo, CGA Graduate Vice President of ESG, Santander Corporate and Investment Banking The swift advancement of emerging technologies is paralleled by a proportional rise in their vulnerabilities.

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How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

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. Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure.

Banking 98
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Financial Panic in the Age of Digital Banking Social Media

The Rand Blog

Bank runs as a source of systemic risk are nothing new. To manage systemic risks in the age of social media, regulators may need to anticipate where the crisis will go and build in automatic brakes to slow them down. There likely won't be time to react at the speed of negotiation between regulators and bankers.

Banking 105
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How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. Banks (and other companies) built walls to protect their IT.

Banking 97
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TSB Bank IT failure: Déjà vu all over again 

Crisis Response Journal

TSB bank in the UK has been experiencing severe computer issues, with customers unable to log into their online accounts or use the bank’s app and struggling to log in or make online payments. David Rubens looks at the issue from an organisational resilie By David Rubens

Banking 100