The Silicon Valley Bank Collapse: Understanding Your Vendors' Banking Relationships and Operational Resiliency

The collapse of Silicon Valley Bank ("SVB") ranks second among all bank failures in U.S. history and has had a profound impact. SVB was previously one of the world's largest banks serving the tech startup industry - and was ranked 16th overall in the U.S. Following bond sales at a loss, the bank's stock price plunged, and depositors panicked, causing a classic bank run. But the crisis didn’t stop with SVB, Signature Bank customers, frightened by SVB’s collapse, withdrew more than $10 billion in deposits, causing its failure and putting pressure on other midsize banks.  

While no one was prepared for an event like this, it’s important that your organization protect itself from the potential ripple effect that will be caused by your vendor relationships and their banking relationships. It is critical that you are aware of the risks and impacts banks, such as SVB and others used by your vendor base, can pose to your operational resiliency.  

Watch this webinar that will discuss what your next steps should be, a proactive approach to talking with your vendors, and help you gain a bigger picture of your vendors' financial health and operational resiliency. 

Register now to learn: 

• An overview of what happened to Silicon Valley Bank
• Steps to take in your vendor risk management program
• An understanding of your vendors' exposure to SVB (and generally other banking relationships)
• Due diligence questionnaires to consider and utilize
• Key takeaways