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Comparing Ernst & Young figures against PRMIA Global Risk Survey results (http://www.prmia.org/globaleventseries/news/20080618.html)
Ernst & Young
Enterprise-wide risk-reporting process is in place 9% - nearly completed 67% - midway 24% - early stages
PRMIA
Benchmarks the Role of Enterprise Risk Management in Current and Future Business Processes
41% - have well define ERM program is in place 49% - various stages of development 10% - no ERM
Enterprise Management Systems completeness felt 4.5 times within half a year. Looks like executives do feel guilty for the risk exposure of their banks and are less confident in the state of their systems.
Now they are more vulnerable to risk management systems vendors and analytical tools providers
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ritesh Jain Founder at Infynit / Former COO HSBC
08 January
Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation
07 January
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
06 January
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