Corporate Governance and Risk Management in Banking

This chapter critically examines the corporate governance failures within a major bank, particularly the absence of a chief risk officer during a period of rising Federal Reserve interest rates. The discussion delves into the implications of these governance lapses on financial stability, investor trust, and the management of mortgage-backed securities. It also addresses the broader impact of regulatory changes and government responses following the collapse of the Silicon Valley Bank, raising questions about the sustainability of banking practices in turbulent economic conditions.