Risk Governance | KPMG | PH

Risk Governance: A benchmarking analysis of systematically important banks

Risk Governance

This report sets out the results of our informal benchmark of 20 of our key clients around the world. Based on KPMG Partners knowledge of the SIBs, we have asked a series of detailed risk governance and risk process questions at these banks to give a strong indicator of progress against the authorities expectations. Where needed, the responses were supplemented by the SIBs.

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A new KPMG assessment of risk governance at systemically important banks (SIBs) finds that board risk committees (BRCs) face significant challenges in analyzing the entire array of risks that face the entity. A survey based on KPMG partners’ knowledge of 20 SIB clients from around the world shows the need for greater automation of data collection to allow more time for analysis by practitioners. The study shows that although skills and processes have improved in recent years, there is still a long way to go to raise the quality and granularity of risk governance to the standard that regulators expect.

Methodology

The survey, conducted in the second half of 2015, asked KPMG partners to answer the questions based on their knowledge of the SIB, supplemented by discussions with the SIB, where required. The banks surveyed comprise a significant portion of the 30 financial institutions listed as global systemically important financial institutions by the Financial Stability Board.1 Four of those surveyed are headquartered in the US, 11 in Europe and five in the Asia-Pacific region.

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