I’m so very proud of the work we did with Sai Huda of FIS, which made its way into the WSJ’s Risk & Compliance Journal late last week. You’ll find the complete results to the 2014 Risk Practices Survey here.
As the sun shines down on Washington, D.C., some “light” Saturday morning reading on the Wall Street Journal’s Risk + Compliance Journal this morning:
Banks with a separate board-level risk committee report a higher median return on assets and return on equity compared to banks that govern risk within a combined audit/risk committee or within the audit committee, according to the Risk Practices Survey from Bank Director and banking and payments technology company FIS. The survey found smaller banks are adopting risk practices required only of much larger companies, and that almost all banks with more than $1 billion in assets now have a chief risk officer and 63% govern risk within a separate risk committee of the board.
To read the full piece on recent surveys and reports dealing with risk and compliance issues, click here.