training plan for banks

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Training Plan for Banks

The elements of “getting to strong” in focus

Many banking institutions are looking to re-imagine and re-examine their risk management programs. But regulators have raised their expectations even higher.

This push for excellence even has its own tag line, “getting to strong,” which is a play on the regulatory scale in which “strong” is the highest rating. But scratch below the surface and you’ll find very few details on exactly what it takes to “get to strong.”

There are four key elements banks should consider putting in place to have a risk management program that could posture itself as “strong”:

  • Governance
  • Policies and procedures
  • Measure, monitor and report
  • Internal controls

This report outlines how each of these elements may be brought to life, offering a possible blueprint for working to strengthen risk management capabilities and addressing regulatory concerns. In each area, suggestions are drawn from helping clients shore up their capabilities.

These elements have not really changed over time, but their breadth and depth have. We will explain how each of these elements may be brought to life, offering a possible blueprint for working to strengthen risk management capabilities and addressing regulatory concerns. In each area, suggestions are drawn from helping clients shore up their capabilities.

Training Plan for Banks: The elements of “getting to strong” in focus
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