| According to a survey by KPMG, it has been seen that the bank board has played a very effective role in risk management for banking sector. Bank Board Bureau is formed to tackle the increasing bad loans and for the appointment of the directors of public sector bank. The majority of established banks have not shown more than single digit organic growth, but on the other hand it has also been seen that the banks, who had used analytics/models in effective manner, have shown a higher rate in growth. This is true that “model risk cannot be eliminated, but mitigated by good management. If the banks are using robust validation and expert modelling, it cannot necessary eliminate model risk”. Read More: http://economictimes.indiatimes.com/industry/banking/finance/banks-board-can-be-effective-in-risk-management-kpmg-survey/articleshow/51684852.cms |