Ernst & Young survey of major financial institutions explores how firms have been working post-crisis to remake their risk governance frameworks.
Fifty-nine percent of survey respondents cited the balance between a sales-driven front-office culture and a risk-focused culture as their top organisational challenge; 38% cited a lack of systems and data, the second most frequent challenge raised. CROs noted that without adequate risk data and systems, accountability for risk is undermined and can damage the culture
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