Benchmarking analysis of systemically important banks - Infographic

Benchmarking analysis - Infographic

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.

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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.

Infographic illustrates key findings at a glance


What does this mean for the banks?

  • The main challenges faced by Board Risk Committees are the quality and timeliness of information that they receive. 
  • While automation would help the banks analyze the information, the cost of achieving the standards expected by global regulators is considerable. Therefore, the benefits of enhanced automation must be balanced with the cost of delivery, particularly given the fragmented nature of systems which operate at many SIBs.
  • Risk management skills and resources are perceived to be rising at the SIBs, however regulatory expectations also continue to increase. Independent assessment of different aspects of the risk governance process would help to benchmark banks’ capabilities.
  • A sizeable proportion of banks in the survey do not prepare the Risk Appetite Statement (RAS) in concert with the strategic plan and a considerably higher proportion could do more too formally link the RAS with the decision-making processes of the bank at a business unit level.
  • Banks need to do more to tie incentives to risk management capabilities if they are to develop a risk-aware culture.

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