Risk Management Lessons from Abroad
Gordon Burnes 270004HVEW email@example.com | | 0 Comments | 159 Visits
Recently, there have been a few interesting articles about how other countries approach risk management. Last week, Dow Jones reported that Brazilian banks will be required to establish and maintain internal risk management structures, assuring regulators that there is some standardization of the risk management function across financial services institutions. Earlier this week, the Financial Times reported on the risk management governance practices in Spain. In Spanish banks, there’s a practice of non-executive directors sitting on a risk committee that advises management on their risk management practices. These are no paper tigers: apparently, the committee at BBVA met 102 times last year.