target audience: TECH BUYER Publication date: Apr 2023 - Document type: IDC Perspective - Doc Document number: # US50521723
Risky Business: Are the Bank Failures Going to Affect the Office of the CFO?
This IDC Perspective covers the effects of the bank failures, why they occurred, and how to reduce risk exposure for the office of the CFO. There are safety nets built into the U.S. banking system by the U.S. Treasury, the Federal Reserve, and the FDIC. These organizations have been created and strengthened for the past 100 years, but if regulations are rolled back, a higher risk profile for some banks will be seen, depending on who they give loans to and where they invest their deposits.
"Diversification and analysis are the keys to reducing risk for all of the entities you do business with, including banking relationships. Know who you are doing business with, and ensure that you are comfortable with their risk profile." — Heather Herbst, research director, Worldwide Office of the CFO