risk management: Risk Reduction: #1 Concern of Bank Boards
- 05/21/14 10:53 PM
The Bank Director’s 2014 Risk Practices Survey reveals some very interesting information about the risk management programs that bank boards have in place.
It’s classically challenging for many banks to assess how risk management practices affect the institution. However, banks that have worked at measuring the impact of a risk management program report favorable outcomes on financial performance. Survey Findings 97 percent of the respondents reported the bank has a chief risk officer in place or equivalent. 63 percent said that a separate risk committee on the board oversaw risks. 64 percent of banks that have the separate risk committee … (0 comments)
risk management: Evaluating Physical and Information Security Risks
- 02/26/14 01:00 AM
When it comes to protecting an organization’s information, flaws with this can involve either implementing strong technology to protect too much trivial data, or inadequate protection of important and sensitive data.
In short, not enough attention is cast upon a company’s most important information; there’s a gap between the IT department and the operational units of the business. A thorough risk assessment is warranted in these cases. Once all the risks are identified, strategies can be created by personnel to prioritize risk minimization. This is risk management. Risk has several components: assets, threats and weaknesses. Businesses must address (risk-assess) all … (1 comments)
The Bank Director’s 2014 Risk Practices Survey reveals some very interesting information about the risk management programs that bank boards have in place.
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