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2011 New Year’s Resolutions For The Board Risk Committee

In the post GFC era, many financial services institutions have established Board Risk Committees (BRCs). Yet, in 2011 having spoken to 27 European banks Oliver Wyman established that there was still a great deal of work to be done.

Merely having a BRC in place is not enough; it must also function properly, so as to positively enhance corporate governance and be seen as making valuable and relevant contributions to the running of the bank. In this report we look at eight resolutions, through which banks can take a proactive stance to ensure their BRC has the members, mandate, information and recognition that allow it to do its job.

2011 New Year’s Resolutions For The Board Risk Committee


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