Silicon Valley Bank collapse: what happened, could it happen here & what can directors learn?

Overview

The Silicon Valley Bank collapse is the second largest in United States history.  Uncertainty about the Bank’s financial situation sparked another world first: a digital bank run.  At least initially, fears rose about wider impacts on United States banks, and potentially others internationally.  With two other banks in the US collapsing and other developments with Credit Suisse in Switzerland those fears appears to be on the verge of being realised.  The situation got to the point where even one of the largest investment firm, Blackrock, published information about their relatively small exposure to Silicon Valley Bank.

This webcast will provide a different take on the Silicon Valley Bank.  It will cover the human story behind the collapse.   Against that background you’ll hear about the underlying causes of the collapse, the financial and economic impacts of the collapse in New Zealand, and the extent to which it could happen here.  The webcast will also cover the lessons for governance, particularly for oversight of risk management and the role audit and risk committees need to play.

Christine Gorjanc

Christine is an experienced Independent Board Director, Chief Financial Officer, and Advisor with extensive operational experience primarily working in multi-national technology, healthcare, and biotech companies. Christine’s experience enables her to make contributions in all areas of finance, corporate strategy, operations, supply chain, and risk management. She has also been actively involved in M&A and subsequent integrations throughout her career including leading an IPO.

Christine currently serves on the boards of Invitae (NYSE:NVTA), a leading medical genetics company, Juniper Networks (NYSE:JNPR), a leader in secure AI driven networks, Shapeways (NYSE:SHPW), a leader in the digital manufacturing industry and Carbon Health, a private healthcare company combining technology with the power of healthcare. Christine’s qualifications include recognition as an experienced Financial Expert as defined by the Securities and Exchange Commission, the New York Stock Exchange, and NASDAQ. She is NACD (National Association of Corporate Directors) Directorship Certified demonstrating her qualifications and commitment as an experienced board director. Christine works with organizations including Santa Clara University’s Board Readiness Program, How Women Lead and Neythri to promote diversity on boards by speaking at events as well as serving as a mentor.  

Kenny Malone

Kenny Malone is a cohost for National Public Radio's Planet Money podcast. Before that, he was a reporter for WNYC's Only Human podcast. Before that, he was a reporter for Miami's NPR station, WLRN. And before that, he was a reporter for his friend T.C.'s homemade newspaper, Neighborhood News.

Malone's stories have investigated everything from abuse in assisted living facilities to health hackers building their own pancreas to the origins of seemingly made-up holidays like National Raisin Day. Or National Golf Day. Or National Splurge Day.

His work has won the National Edward R. Murrow Award for Use of Sound, the National Headliner Award, the Scripps Howard Award, and the Bronze Third Coast Festival Award. He studied mathematics at Xavier University in Cincinnati and proudly hails from Meadville, PA, where the zipper was invented.

Nick Tuffley

Nick Tuffley was appointed as ASB’s Chief Economist in January 2007, having previously worked at Westpac and the Reserve Bank of New Zealand.  Nick studied at Canterbury University, graduating with a Master of Commerce in Economics. 

He and the rest of the Economics team provide regular analysis of economic developments and the outlook through written publications and media comments.  Their key objective is to help the bank’s clients make better-informed business and personal finance decisions.  The Economics team has won 3 Consensus Economics Forecast Accuracy Awards for their NZ forecasts.

Nick speaks at a variety of functions large and small from gatherings of corporate customers, through industry conferences, to large cocktail functions for customers.  He has spoken in shearing sheds, wineries, art galleries, the Air Force museum, and ambulance stations.  And of course, in recent years he has spent a lot of time Zooming into people’s screens.

Contact

Kris Chandler-Yates
National Sponsorship and Events Manager
+64 27 207 2592
kristyn.chandler-yates@iod.org.nz

Our sponsors

The Institute of Directors acknowledges the generous support of national partners and sponsors