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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.

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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.

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How Banks Can Prepare for the FDIC’s Proposed Standards

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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.

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Operational Risk Management

MHA Consulting

What is Operational Risk Management (ORM)? Operational risk is a component of every organization that reflects the unavoidable fact that assets, processes and people can fail. Examples of these risks are more common than you may believe. What is the Scope of Operational Risk Management?

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8.5 Million Crashes Later: Why CrowdStrike’s Blunder Is Your Risk Management Wake-Up Call

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Million Crashes Later: Why CrowdStrike’s Blunder Is Your Risk Management Wake-Up Call Last Updated: July 30, 2024 On July 19, 2024, the world got a brutal wake-up call. Planes were grounded, banks were frozen, and hospitals were in chaos. Here’s where things went wrong: Vendor Risk Management? The price tag?

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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

What is the Three Lines of Defense Approach to Risk Management? The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes risk management, compliance, and internal control departments.

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Operational Risk Management

MHA Consulting

What is Operational Risk Management (ORM)? Operational risk is a component of every organization that reflects the unavoidable fact that assets, processes and people can fail. Examples of these risks are more common than you may believe. What is the Scope of Operational Risk Management?