Deloitte releases Global Risk Management Survey, on financial services institutions
The prolific people at Deloitte have published the seventh edition of this survey. As usual, the results are interesting. I have selected a few quotes that caught my eye:
- “Boards of directors and senior management of financial institutions are reexamining their approaches to risk management”
- “Boards of directors are taking a more active role in providing oversight of risk management, including establishing the risk management policy and approving their institution’s risk appetite”
- “More institutions have a Chief Risk Officer, who is often a member of the senior management team and has direct access to the board of directors”
- “Senior management at many institutions may consider how they can build a more risk-aware culture, in part by incorporating risk management considerations into performance goals and compensation decisions”
What do you find interesting in the survey? Do you share the confidence of the majority of the respondents that they have effective risk management?