More NewsRisk Management Gaining Greater Prominence in Global Banking Industry – Report

Risk Management Gaining Greater Prominence in Global Banking Industry - Report

According to research by Standard & Poor’s Risk Solutions, banks around the world are paying increasing attention to sound credit risk management. ‘Senior bank executives from more than 30 banks revealed that progress has been made since Risk Solutions’ original benchmarking study in 2001,’ said Karen Van de Castle, Director, Credit Risk Services at Risk Solutions. ‘Banks face the same challenges in establishing enterprise-wide risk management practices, but they have made strides in managing performance data and implementing and validating systems that capture and evaluate the risks they face.’ The benchmarking study surveyed risk management executives at banks of various sizes around the globe.

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