Author: Isil Erel

Online banks are known for offering significantly better rates on deposits than traditional banks. New research from the Risk Institute's Isil Erel and her colleagues, examines how changes in federal fund rates impact the actions of online banks.

Over the past several years, we have seen an increasing focus on climate change and other related environmental considerations from businesses worldwide. Most recently, the unprecedented increase in wildfire frequency and severity has highlighted a new and complex challenge for some businesses.  Wildfires and other natural disaster events, such as floods and earthquakes, that were once considered purely environmental disasters are starting to pose new risks for corporate operations and sustainability.

In today's rapidly evolving business landscape of emerging technologies and capabilities, geopolitical instability and unforeseen global events, organizations are facing unprecedented challenges. Traditional notions of enterprise risk management and contingency planning are proving to be challenging in a new era where disruptions can strike from multiple fronts simultaneously.

A wise uncle once said to his nephew in a movie, “with great power comes great responsibility.” This adage has never been more true as it pertains to the emergence and popularity of AI. However, organizations are starting to reflect on and question who ultimately bears this responsibility from an enterprise risk management perspective.

The sudden collapse of Silicon Valley Bank (SVB) once again highlights the importance of effective risk management.