Article ID: b8178ccaf18e4853eaf5e8aee632b3a30b720b876e746e1309641c3c89b83111
Source ID: regulatory:risk.net
Published At: -
Extraction Method: trafilatura
URL: https://www.risk.net/benchmarking/enterprise-risk
Body Text
Enterprise Risk | Benchmarking Enterprise risk Fewer than half of banks rate their GRC vendor as ‘good’ Enterprise Risk Benchmarking study shows banks juggling multiple systems, adding costs and complexity Most banks add ERM heads – but CROs keep control Hiring tilts towards AI, cyber and model risk as enterprise risk’s remit grows faster than its reach 71% of banks automate escalation of appetite breaches Automated processes are less common at banks where ERM sets overall risk appetite, research shows North American banks outpace Europeans in ERM New research shows US, Canadian banks have more developed enterprise risk management functions Banks treat ERM as compulsory – even when it isn’t More than 80% follow supervisory guidance or expectations for ERM, benchmarking shows Enterprise risk managers: police or foot soldiers? With more than 5,000 data points from 37 banks, our first ERM Benchmarking exercise shines a light on very different missions
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