The Asian Banker

Bank boards must take hands-on approach to risk management framework setup
Frederic Bertholon-Lampiris, director at Deloitte Singapore’s Financial Services Industry practice, feels that a robust risk appetite framework and an integrated stress testing programme are essential risk management components.

As Singapore’s financial and economic recovery continues slowly, the spotlight is on risk governance of domestic banking institutions, forcing them to reassess and improve their current framework and practices; not only to reach compliance with reinforced guidelines, but more importantly, to demonstrate that risk management is an integral part of their top decision-making process. The role of the board A bank’s board can no longer be a remote oversight body but should have a broadened and deepened role and be directly involved in the design and setup of the risk…

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Categories: Operational Risk, Regulation, Risk and Regulation
Keywords: Frederic Bertholon-Lampiris, Deloitte Singapore, MAS, BCBS, Credit Risk
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