You Are Here: Home > > Does Your Bank Need a Risk Committee?
Does Your Bank Need a Risk Committee?
Emily McCormick, vice president of research for Bank Director
The focus on the board’s role in managing risk has certainly been in the spotlight in the years following the financial crisis, with the regulatory bar raised regarding risk governance. While publicly traded institutions with more than $10 billion in assets are specifically required to establish separate risk committees of the board, many smaller banks are doing so as well. In March, Bank Director’s 2014 Risk Practices Survey found that more than half of institutions with between $1 billion and $5 billion in assets and 76 percent of those with between $5 billion and $10 billion in assets now govern...
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to our Bank Services members.
From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions.
Emily McCormick is the vice president of research for Bank Director, an information resource for directors and officers of financial companies.You can follow her on Twitter at twitter.com/ehmccormick or get connected on LinkedIn.