Meanwhile, half the survey respondents did not have capital allocation approaches in place to support the new proposed credit risk requirements in Basel II.
The survey also found that firms were challenged by risk technology, with 55% reporting their chief concern regarding risk technology was the inability to integrate disparate risk management systems. A total of 35% of respondents cited limitations on the functionality of current risk systems as a major concern.
There was also evidence of an increased emphasis among respondents on business continuity and disaster recovery planning since September 11.
The week in Risk.net, May 19-25 2017Receive this by email