PROGRESS IN FINANCIAL SERVICES RISK MANAGEMENT: A SURVEY OF MAJOR FINANCIAL INSTITUTIONS pdf

Hjg_j]kk af ÕfYf[aYd k]jna[]k jakc eYfY_]e]fl kmjn]q g^ eYbgj ÕfYf[aYd afklalmlagfk Co-sponsored by Contents Executive summary 12 Research methodology and demographics 14 Risk culture 20 Risk appetite 28 Governance roles and responsibilities 32 Stress testing 38 Liquidity management 44 Capital management 48 Impact of Basel III 52 Recovery and resolution planning 56 Internal transparency, data and systems 63 Conclusion Executive summary Hjg_j]kk af ÕfYf[aYd k]jna[]k jakc eYfY_]e]fl is the third annual study on risk management conducted by the Institute of International Finance (IIF) and Ernst & Young since the 2008 crisis This year’s study took place against a backdrop of global issues — continuing economic pressures in the US and Europe, the European sovereign debt crisis and a fast-changing regulatory environment Responses from the 69 banks and six insurance companies that participated in the study highlight l`] \]_j]] lg o`a[` Y_]f\Yk af l`] af\mkljq `Yn] Z]]f afÖm]f[]\ Zq l`ak ha[lmj]& The scope, timing and potential impact of the still-evolving global and national regulatory reform was the top challenge cited by almost three-quarters of j]khgf\]flk k]] =p`aZal )! Yf\ ak \janaf_ Y j]k`Yhaf_ g^ l`] ÕfYf[aYd af\mkljq& The challenges from the regulatory environment are further complicated by the continued market, macroeconomic and geopolitical volatility afYf[aYd J]_mdYlgjq 9\na[] ^gj =E=A9 >afYf[aYd K]jna[]k +44 20 7951 7564 hbY[ckgf8mc&]q&[ge Ernst & Young More London Place London, England K=) *9> United Kingdom ... BNP Paribas National Bank of Abu Dhabi CaixaBank North America National Bank of Kuwait Commerzbank Bank of America National Commercial Bank Credit Suisse Bank of Montreal Qatar National Bank Danske... Royal Bank of Canada China International Capital Corporation ING Scotiabank Intesa Sanpaolo State Street Corporation CIMB Group KBC Bank Wells Fargo Commonwealth Bank of Australia Lloyds Banking... Arab Bank Alpha Bank Banco de Crédito del Perú Arab Banking Corporation Banco BPI Banco Nacional de Costa Rica BankMuscat Barclays Bank Bancolombia BLOM Bank BBVA Itaú Unibanco FirstRand Bank BNP