We often talk about the differences between risk management and insurance.  Insurance is just one of many ways to treat the myriad risks in any business.  Without a holistic view of risk, any business is susceptible to unknown and unexpected challenges.  The recent collapse of Silicon Valley Bank is a prime example.  Much has been written about the impact of relaxed banking regulations that drove the collapse.  Relaxed regulations may have provided the opportunity and opened the door for the potential of a risk management failure; however, the lack of risk oversight enabled the collapse.  This article explores the lack of a senior risk officer for eight months, the lack of risk oversight at the board level, and mismatch of investments with interest rate environment.  This is a good time to review the risk controls, oversight, and decision making processes within your business.