How IRM Technology Can Enhance Banking Resilience: Insights from BIS

Financial ServicesIntegrated Risk Management
Written By Ori Wellington

In his speech titled “An Integrated Approach to a Safer and More Resilient Banking System,” delivered on July 19, 2024, at the Central Reserve Bank of Peru’s 15th Annual Conference in Cusco, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), highlighted the importance of comprehensive risk management in the banking sector. Reflecting on the banking turmoil of March 2023, he underscored how the failures of institutions like Credit Suisse and Silicon Valley Bank (SVB) stemmed from inadequate governance, weak risk oversight, and poor regulatory compliance.

Ori Wellington

Orion "Ori" Wellington is an integral part of the Wheelhouse Advisors team, bringing extensive expertise in risk management and technology. With a background that includes roles such as Risk Analyst, Information Security Specialist, and IT Project Manager, Ori contributes to helping organizations navigate complex risk and technology challenges.

At Wheelhouse Advisors, Ori focuses on supporting clients in the ever-changing landscape of risk management. This well-rounded experience enhances the success of both clients and the company. Committed to continuous learning, Ori is a valued member of the Wheelhouse Advisors team.

https://wheelhouseadvisors.com
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