Our mission is to provide a forum for education, conversation about current issues, and networking for boards of directors of Silicon Valley companies.
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Compliance is Not De-Risking: Lessons Learned (or Not) from SVB Failure
Six months after the Silicon Valley Bank collapse, the Federal Reserve Office of Inspector General (OIG) issued a report pointing to the mistakes and laxity by supervisory staff at SVB. It points to deficiencies in risk management and supervision as being the root cause of the bank failure. At one point did the SVB board decide that minimal compliance was good enough to manage significant risk? One year later, can we use the SVB failure as a cautionary tale for all public companies? Join this SVDX webinar to hear from our esteemed panel about what lessons public board directors can learn from the SVB failure and why supervision is critically important for the stability of the banking sector.
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