In this episode of the ORX Operational Risk Podcast, the ORX News team take a look at the five largest operational risk losses of March 2023 and a deep dive into the collapse of Credit Suisse and Silicon Valley Bank (SVB). With an operational risk perspective, they talk about risk culture, governance, the role of social media, and UBS’s takeover of Credit Suisse. For SVB, they also look into market and interest rate issues and the possible changes to the regulatory landscape for “smaller” banks.

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q1-2023

ORX News subscribers can read the full In Focus articles for further details about the collapse of Credit Suisse and SVB, including a timeline of events on the ORX News website here: https://news.orx.org/node/11636 and https://news.orx.org/node/11682

ORX members can also read the In Focus articles on the collapse of Credit Suisse and SVB here: https://members.orx.org/orx-news/orx-news-focus-collapse-credit-suisse and https://members.orx.org/orx-news/orx-news-focus-collapse-silicon-valley-bank 

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers some of the key findings and outcomes from our recently published Operational Risk Horizon 2023 report – so make sure to give that a listen too!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: https://managingrisktogether.orx.org/