Despite the revolution in bank risk management, banks’ ability to effectively manage risk continues to be hampered by the ongoing need for more data, according to the Standard & Poor’s Risk Management Benchmarking 2001 report. Standard & Poor’s Risk Management Benchmarking 2001 report – developed by a consortium of more than 50 banks globally – looked at five key aspects of risk management: risk governance and strategy, market risk, credit risk, operational risk, and capital management. Among the most important findings in the report were: Few banks have more than five years of reliable internal data on probability of default; Banks are using internally developed models to extend their risk management capability, but most lack the appropriate historical data to develop and support theses models; and only half of the banks in the study say they include risk management in their strategic planning process.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.