Heightened Expectations for Banks around Risk Governance: Across the Three Lines

In a recent publication in the Global Association of Risk Professionals, my colleagues and I discuss how large financial institutions — those with more than $50 billion in assets — are prioritizing their practices to adhere to the Office of the Comptroller of the Currency’s (OCC) Heightened Standards, calling for the development and implementation of a Risk Governance Framework. Specifically, banks need to enhance their risk management structures, frameworks, and processes to comply with the OCC’s heightened expectations, which entails several moving parts.

For more details regarding leading practices on how banks are successfully deploying the risk governance framework within both the daily activities of financial institutions’ risk management functions and across their front line units, please take the time to read through the attached blog, Risk Governance: Across the Three Lines.

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This article represents the views of the author only, and the information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.