Risk governance at large banks: Have any lessons been learned?

Alessandra Mongiardino and Christian Plath

Journal of Risk Management in Financial Institutions, 2010, vol. 3, issue 2, 116-123

Abstract: The role of the board of directors (or supervisory board) in overseeing risk at financial firms has come under scrutiny during the recent financial crisis. Similarly, questions have been asked about the authority of banks’ chief risk officers and the independence of the risk management function. Despite market and regulatory pressures, however, risk governance at large banks seems to have improved only to a limited extent since the beginning of the recent financial crisis and there is still significant room for improvement.

Keywords: risk governance; risk management; corporate governance; financial crisis (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2010:v:3:i:2:p:116-123

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