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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.
SPEAKERS
Anat Admati
Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and a senior fellow at Stanford Institute for Economic Policy Research. Her disciplinary interests lie in the interaction of business, law and policy, and specifically governance and accountability mechanisms in the private sector and in government. Admati is also Faculty Director of the Corporations and Society Initiative at the GSB, whose mission is to raise awareness and increase understanding of the complex interactions among people, corporations and governments. An updated edition of her book, The Bankers' New Clothes: What's Wrong with Banking and What to Do about It, was just published in January 2024.
Teresa Bazemore
Teresa Bryce Bazemore joined FHLBank San Francisco as president and chief executive officer in 2021. She is a seasoned leader with more than 25 years of executive experience building and leading both mortgage insurance and services businesses. Ms. Bazemore also serves on the Board of Directors of T Rowe Price Funds and First Industrial Realty Trust.
F. Daniel Siciliano, moderator
Dan Siciliano is a successful technology CEO-founder and entrepreneur, as well as Vice Chair of the board of the Federal Home Loan Bank of San Francisco, and a recognized expert in corporate strategy and governance, capital financial markets, executive compensation, and technological disruption (including fintech, AI and cybersecurity). He is currently Chairman of SVDX, board member of the Latino Corporate Directors Education Foundation, chair-elect of the Council of Federal Home Loan Banks, and a fellow at Stanford University.