ActiveViam Co-Founder and CEO Kathy Perrotte weighs in on First Republic

Our CEO, Kathy Perrotte, has shared her views on the recent collapse of SVB and subsequent contagion affecting First Republic Bank. In today’s news item published by Banking Exchange, Perrotte highlighted flaws in the current regulatory framework and policies of the Federal Reserve. She stressed the need for banks to think in a more tailored way when it comes to risk management, and for more collaboration between regulators and banks to better understand potential risks in the industry. With advanced technology accelerating contagion, Perrotte believes that prudent risk management requires risk teams to possess sufficient imagination to guard against different scenarios.