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Have we built better banks since the financial crisis? We establish that indeed banks have built better risk management and have improved risk oversight structures (the three lines of defense model has been strengthened). Undeniably, capital levels have been boosted and also the quality of the capital position has improved with leverage in the system coming down. On remuneration and the embeddedness into the executive scorecard, we found that there are still many banks that do not incorporate any risk management metric into their incentive plan.