Values Are Contingent; Debt Is Forever
- Topics:
- Enterprise Risk Management
- Tags:
- Bank,
- Banking,
- Board,
- Board Member,
- Business Operations,
- Corporate Governance,
- Corporate Law,
- Financial Services
- Source:
- Board Member
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Overview: From the executive summary: ‘As banking enters an environment of higher economic risk, the challenge is straightforward: how to successfully manage the bank in the current downturn and inherent volatility. The bottom line is that management and the board is responsible for ultimate safety and soundness of the bank, regulatory oversight notwithstanding. The good news is that strong, well-managed banks of all asset sizes will have opportunities to grow in the new economic environment because shrewd customers, excellent employees, and long-term investors want to be involved with quality institutions. Thus, a proactive board must develop risk assessment profile, evaluate its real estate lending portfolio, and strategically plan for deflation.’ The paper explains ways to curb risks in the banking sector.
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Format: HTML | Date: Apr 2001 | Pages: 1
