Events, Courses & Seminars

Unpacking the lessons learned from the failure of Silicon Valley Bank

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Location: Live online

Silicon Valley Bank, Signature Bank and Silvergate bank have all been casualties of overconfidence and potentially poor governance risk management. Multiple failures, from asset and liability management to a lack of effective interest rate hedging might explain the rapid demise of these seemingly successful financial actors.

This one hour webinar will explore the potential causes and lessons from the most recent set of banking crisises and encourage delegates to think about managing risk more holistically.

Suitable For
This is suitable for all financial services professionals.

Content
Exploring the root causes of failure

Reflections on impact of technology and interest rate cycle

Role of accounting policy choices and regulation

Lessons for risk management and corporate governance

Speaker
Reuben Wales: Head of Financial Services at ICAEW (Institute of Chartered Accountants in England and Wales)

Reuben was previously at the FCA where he covered technical roles in Competition and Economics and most recently managed a team responsible for prudentially assessing higher risk mergers and acquisitions. Prior to his time at the regulator, he worked at Close Brothers plc, where he was responsible for delivering strategic financial and prudential analysis. He has a deep interest in the future of financial services regulation in the UK, including themes that touch upon the health of competition in markets and market stability.

Simon Gibbs: Banking and Insurance Manager at ICAEW

Simon joined the ICAEW in September 2022. Prior to that, he worked at the Financial Service Authority and latterly the Prudential Regulation Authority. At the regulator he undertook a variety of roles focused on prudential supervision: the roles included supervising a major UK bank, Pillar 2 and ring-fencing policy making, and running the PRA's skilled person's regime. He is a qualified chartered accountant.

Polly Tsang: Financial Services Regulatory Manager at ICAEW

Prior to joining the ICAEW, Polly specialised in structured finance and asset backed securitisation at PwC, helping firms raise debt market funding and buy/sell asset pools. She qualified as an ACA with PwC London within investment management and banking and capital markets. She is interested in exploring the risks and opportunities in regulating financial services in the post-Brexit landscape, particularly in evolving areas such as ESG, crypto and AI.

Pricing Details