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Crisis exposes banks' weaknesses towards ERM vendors

19 December 2008 Be the first to comment

Iosif Itkin

CEO

Exactpro

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 has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor.

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Iosif Itkin

CEO

Exactpro

Member since

17 Dec 2008

Location

London

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Crisis exposes banks' weaknesses towards ERM vendors

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