Only 35% of executives reported that their institutions had already implemented an ERM programme, while almost a third (32%) are in the process of establishing one. Where ERM programmes have been created, executives have reported they yielded benefits.
Of companies with ERM initiatives, 75% of executives said the total value of their programmes had exceeded the costs. However, this assessment of value is largely qualitative, as only 4% of executives said their institutions quantify the benefits of their ERM programmes.
“While progress in the area of risk management has been real, a great deal more needs to be done,” said David Myers, investment banking partner at Deloitte in London.
The week in Risk.net, May 19-25 2017Receive this by email