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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-03-13T16:58:00
Once the dust settles on the collapse of Silicon Valley Bank (SVB) and the finger-pointing begins, don’t look at the chief risk officer.
Kim Olson was only announced as the appointee to the role at parent company SVB Financial Group on Jan. 4. She joined with an established track record of 30 years of experience in financial services, including her previous time as Americas risk chief for Sumitomo Mitsui Banking Corporation.
Instead, focus on the actions of the bank preceding Olson’s hiring—specifically, the gap that existed in the role. Laura Izurieta, SVB’s former chief risk officer, left the bank in October, according to a proxy filing earlier this month. She ceased serving as risk chief in April 2022.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-06-26T22:27:00Z By Kyle Brasseur
A bill proposed by a House Democrat would require large banks to have a chief risk officer and notify relevant regulators when the position becomes vacant.
2023-04-05T19:23:00Z By Aaron Nicodemus
Charlie Javice and her startup Frank allegedly convinced the country’s largest bank to pay $175 million for what largely amounted to a list of fake college students. The apparent due diligence failures by JPMorgan Chase offer a cautionary tale to compliance professionals.
2023-03-23T15:22:00Z By Aaron Nicodemus
What is compliance resiliency, and why is it crucial for your organization to have it? Recent enforcement examples demonstrate why mapping out a clear business continuity plan can help thwart a risky management reshuffle.
2024-11-27T15:09:00Z By Aaron Nicodemus
The biggest Compliance Fails of 2024 show the real-world consequences of noncompliance for the companies that faltered, but also for their customers and their employees.
2024-11-25T14:04:00Z By Aly McDevitt
Former U.S. Deputy Attorney General Larry D. Thompson participated in landmark legal cases, such as the Justice Department’s Enron investigation and the Volkswagen Independent Compliance Monitorship. Now his memoir looks back on his extensive career in compliance, offering profound insights into corporate culture, diversity, ethics, and integrity.
2024-09-03T13:47:00Z By Ian Sherr
New Compliance Week Editor-In-Chief Ian Sherr shares his thoughts on where compliance is headed as businesses meet the realities of not just following the rules, but staying ahead of the pace of regulatory change at a global scale.
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