How do boards address risk management and oversight?
Abstract
This paper looks at the reporting that goes to the board and to regulators to inform them of the financial performance, balance sheet and risk profile of a bank. The paper concludes that a far greater degree of integration and coherence between the different reports is required to help the board execute its strategic responsibilities to shareholders and governance responsibilities to both shareholders and regulators. The paper also looks at a number of risk issues that pose challenges to bank boards with implications both for board composition and for the structure and remit of board committees.
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Author's Biography
Brandon Davies is Non-executive Chairman of Premier European Capital Limited (PECL), a private equity company and board director of Gatehouse Bank plc. Brandon is a member of the Financial Markets Group at the London School of Economics. He writes and lectures extensively on subjects in banking and risk. He has been Managing Director of the Global Association of Risk Professionals Risk Academy. He retired from Barclays after 32 years where he was treasurer of the retail banking operations.
Citation
Davies, Brandon (2013, September 1). How do boards address risk management and oversight?. In the Journal of Risk Management in Financial Institutions, Volume 6, Issue 4. https://doi.org/10.69554/YFLD1709.
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