Enterprise Risk Management – Shaping the Risk Revolution
Global banking survey results and insights
The financial crisis has exposed major shortcomings in banks’ risk management practices. Many well established risk management principles have come into question. Regulators, rating agencies, industry associations, and—last but not least—the banks themselves are developing new best practices in risk management, constantly raising the bar for risk management excellence.
Over the past few years, risk management in the banking industry has faced tremendous challenges and increasing scrutiny. Both factors are leading to fundamental changes in the demands on the risk function.
Risk is now being asked to shift from its traditional focus on measurement, compliance, and control to providing a forward-looking view at the heart of decision making, from the board room down into the organization.
Download this report to learn about:
- The 5 elements of ERM.
- ERM performance quality.
- How priorities have chahnged since 2011.
- 8 key insights.
- Implications for banks.