Former CROs lacking on bank risk committees

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Only four of 15 large banks have a former CRO on their risk committee, despite changing regulatory guidance

An analysis of 15 large banks reveals only four have former chief risk officers with large bank experience as external members of their board risk committees – the same number as in 2012, when Risk.net undertook a study of committees at the same firms.

Many of the committee members from 2012 are still there, and, while they bring impressive CVs, few have passed through the ranks of banks’ financial risk management divisions. That is despite a requirement from 2014 for US banks to appoint at lea

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