The survey sponsored by FIS highlights that banks having a separate board-level risk committee report higher median ROA and ROE. The FIS-sponsored “2014 Risk Practices Survey” notes a number of important best practices have begun to emerge over the last few years in the management of risk. The survey was conducted in January and is based on 107 online responses from independent directors and senior bank executives, primarily chief risk officers, of banks with over $1 billion in assets. Mandate under Dodd-Frank Act The survey points out that the Dodd-Frank Act mandates publicly traded bank holding companies with over $10…
Comprehensive Risk Management Approach Improves Financial Performance
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports