A new KPMG assessment of risk governance at 20 systemically important banks (SIBs) finds that board risk committees (BRCs) face significant challenges in analyzing the entire array of risk that face the entity.
Based on KPMG partners’ knowledge of their SIB clients from around the world, the survey shows the need for greater automation of data collection to allow more time for analysis by practitioners. The study also reveals 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 global regulators expect.
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