The banking sector has been hogging the headlines in the last week or so. Silicon Valley Bank and Credit Suisse, amongst others, have been rescued or propped up as their customers were fleeing. A number of factors may lie behind the collapses but, as Garry Honey argues, risk oversight by the board in each case was left wanting. He argues that foresight was lacking in their analysis of risk and, as a result, boards failed to see the inevitable.
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