Board Risk Committee Composition

Francesco de Zwart
Additional contact information
Francesco de Zwart: University of Adelaide

Chapter Chapter 44 in The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia, 2022, pp 1153-1170 from Springer

Abstract: Abstract In Chap. 44 we examine the composition of the Board Risk Committee. This begins with the independence, status and reporting lines of the CRO. By way of summary, we construct governance variables for the establishment, independence, status and reporting lines of the CRO: establishment and independence of the CRO; status of the CRO; reporting lines of the CRO; and access of the CRO. We conclude our examination of the CRO with the role and responsibilities of the CRO. There follows discussion of the role and contribution of non-executive directors on the BRC. Continuing, we examine the BRC and risk appetite and weightings for incentives and economic assessments, “stress” testing and metrics including authoritative financial stability assessments and stress, scenario and fail testing. We move on to external advisers to the BRC and the BRC and significant mergers, acquisitions and disposals. A separate BRC Report is examined with two disclosure variables. We conclude with the APRA requirement that there should be no constraints on persons providing information to APRA.

Keywords: BRC composition; Chief Risk Officer (CRO); CFO independence; CFO status; CFO reporting lines; CFO roles and responsibilities; Contribution of NEDs on BRC; BRC and risk appetite; BRC and weightings for incentives; Stress testing and metrics; Separate BRC report (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1710-2_44

Ordering information: This item can be ordered from
http://www.springer.com/9789811617102

DOI: 10.1007/978-981-16-1710-2_44

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().