Wednesday, October 12, 2016

The IIF and Ernst & Young are pleased to release the seventh annual risk management survey : “A set of blueprints for success”, which includes responses from CRO's and other risk executives at 67 IIF member firms across 29 countries. The survey clearly indicates that even though banks have materially strengthened their risk management approach from the board level down across risk, compliance and controls since the financial crisis, the industry is still searching for the appropriate blueprints to establish effective risk accountability across the three lines of defense. It also highlights the continued significance of non-financial risks that pose major financial strains on the business, as well as the need to meet the increased investor pressure to achieve higher, stable returns that is forcing banks to adapt their business models to meet market targets. 

Watch the livestream presentation of the report here