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Banking risk management survey 2012 – EY – Banking & Capital Markets - EY - Global

Bank risk management survey 2012

Risk governance

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“What a board member is asked to do today, and understand today, and go through today is a much more detailed level.”

The involvement of boards in risk management and oversight has increased since the 2008 financial crisis and continues to grow.

Over half (51%) of respondents report that board focus on risk has increased in the past 12 months and 74% list risk appetite as an area where the board is most influential in the organization. As further evidence of progress, 87% of respondents report their banks have stand-alone, board-level risk committees.

Boards’ top areas of focus include:

  • Liquidity
  • Risk appetite
  • Capital allocation
  • Stress testing

Areas where board is most influential

Areas where board is most influential

The role of the CRO has changed significantly since the crisis. Today, CROs and risk teams are involved in decisions about strategy, product development, acquisitions and compensation.

The majority (58%) of respondents say their CROs report directly to the CEO, while others note CROs have direct access to board risk committees.

While most report increases in group and business unit headcount during the past 12 months, predictions that they will level off or decline in the coming year suggest risk functions are becoming more effective and efficient as CROs and their teams streamline processes.

The majority of CROs report directly to the CEO

The majority of CROs report directly to the CEO

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Progress in financial services risk management

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  • Bill Schlich
    Global Banking & Capital Markets Leader
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  • Patricia Jackson
    Head of Financial Regulatory Advice for EMEIA Financial Services
    +44 20 7951 7564
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