Lessons on Systemic Risk, Trust, and Connections to Real Economy

February 24, 2023

The recent bailout of Silicon Valley Bank (SVB) highlighted the importance of understanding systemic risk beyond asset size. SVB’s heavy interconnections to the tech ecosystem, including the founders and CEO’s personal investments, made it a systemic amplifier and contagion channel. Watch our fireside chat with Max Kanaskar and Geraint John as we discuss:

  • Financial institutions’ interconnections to the tech ecosystem and risk amplification
  • How operational risk factors such as cyber can precipitate such situations beyond financial risk
  • Connections to the real economy and the importance of understanding the ripple effects and downstream impacts
  • How financial institutions can actively evaluate their third-party and supply chain relationships for potential exposure to failing institutions and look for alternate banking relationships.

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Ensure Operational Resilience

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Build operational resiliency into your extended supply chain:

  • 889 compliance – ensure market access
  • Data sharing with 3rd parties and beyond – protect reputation
  • Concentration risk – ensure business continuity
  • Cyber breaches – assess potential exposure
  • Unethical labor – avoid reputational harm
  • On-boarding and monitoring suppliers – save time and money