Industry wide, banks’ boards are facing common challenges requiring concerted action.
An overhaul of the financial regulatory environment is playing out at both the national and international level. Meanwhile, the responsibilities and governing mechanisms of bank boards continue to evolve; in particular, risk management and risk governance continue to grow in prominence on boardroom agendas.
Underlying all of this activity is the question of how the banking industry can restore trust with the public and in the political domain.
Bank Governance Leadership Network
Ernst & Young and Tapestry Networks created the Bank Governance Leadership Network (BGLN), an elite network of non-executive directors from more than 30 of the world’s largest banks. Together, we hold a high-profile BGLN Summit, which allows our partners, bank directors, regulators and other industry experts to come together to exchange ideas and research about board governance.
At the 2010's Bank Directors Summit in London, non-executive directors from 18 of the member banks discussed and debated how to exercise board leadership in these fluid and challenging times.
Insights emerging from the annual Summit, gatherings throughout the year and research include:
- The factors driving financial reform
- How bank boards can act as owners vs. caretakers
- How to address risk governance, the board’s toughest challenge
- How banks can rebuild trust
- The future of banking: what the industry might look like in 2013
Next: The factors driving financial regulatory reform