Contact Us

Continuity Insights Management Conference

Bank Failures Highlight Importance of Measuring Counterparty Risk

The recent failures of Silicon Valley Bank and Signature Bank have focused attention on an often-overlooked issue: bank counterparty risk.

From a treasurer’s perspective, banks are much more than account-holding institutions. They provide an array of critical payment and collection services, and the impact of losing access to these services cannot be overstated. The Federal Reserve’s decision to intervene in the recent bank failures to give depositors full access to their funds provides some relief but does not fully address the problem of interruptions in the provision of services. These bank failures serve as a reminder of the importance of properly measuring counterparty risk and ensuring that business continuity plans include scenarios in which a banking partner is no longer able to provide key treasury services.

Read the full story on KaufmanHall.com

 

Continuity Insights

Similar Articles

machine identities

Most Organizations Had At Least Two Identity-Related Breaches In Past Year

Security professionals rate machines as the riskiest identity type, reveals the CyberArk Identity Security Threat Landscape 2024 Report.

Jersey City Medical Center Floodproof

Jersey City Medical Center Completes Flood Resiliency Project

Conti Federal’s micro-resiliency solution reduced costs for the flood proofing project at Jersey City Medical Center, minimizing disruptions and delivering the project on time.

workplace security culture

Cybersecurity Fears On The Rise Among U.S. Workers

Here are five practices organizations should include in their cyber agenda to cultivate a strong and confident security culture, courtesy of EY.

Leave a Comment

Share to...