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Practice paper

Silicon Valley Bank case study: The role of the CRO in managing risk programmes to prevent bank failures

Steven Haynes
Journal of Risk Management in Financial Institutions, 17 (3), 249-257 (2024)
https://doi.org/10.69554/CSUA2138

Abstract

Financial disasters can have catastrophic consequences for economies that extend beyond the organisational walls. This case study will examine the downfall of Silicon Valley Bank by exploring ineffective risk management practices and the absence of the Chief Risk Officer (CRO). It will begin by establishing a basic understanding of the bank's history and client base before diving into the events that led up to the third-largest bank run in US history. In our upcoming discussion, we will delve into the risk management standards that financial organisations typically employ to avoid insolvency. Additionally, we will emphasise the pivotal importance of the CRO role within such institutions. Finally, the study will conclude by emphasising the critical role of robust risk management practices, effective regulatory oversight and organisational reforms in mitigating the risks associated with financial disasters and safeguarding the resilience of the banking ecosystem. Understanding the impacts and lessons of past financial disasters is essential to build a more stable and resilient economic landscape as the financial system evolves.

Keywords: financial disasters; Silicon Valley Bank; risk management; Chief Risk Officer; CRO; bank run; regulatory oversight; organisational culture

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Author's Biography

Steven Haynes PhD, ARM, CBCP, is an assistant professor of practice and Director of the Risk Management and Cybersecurity programme at the University of Texas at Dallas. Dr Haynes is an experienced practitioner with over a decade of continuity and disaster risk management experience and has served proudly in the United States Navy. His research interests include risk analysis, organisations under crisis, mixed methods design and disaster science.

Citation

Haynes, Steven (2024, June 1). Silicon Valley Bank case study: The role of the CRO in managing risk programmes to prevent bank failures. In the Journal of Risk Management in Financial Institutions, Volume 17, Issue 3. https://doi.org/10.69554/CSUA2138.

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cover image, Journal of Risk Management in Financial Institutions
Journal of Risk Management in Financial Institutions
Volume 17 / Issue 3
© Henry Stewart
Publications LLP

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