Reuters has a story out today entitled, “Regulators tighten up bank in-house checks.”
Unfortunately it does nothing, in fact it distorts, the role of internal audit, external audit and the Audit Committee of the Board of Directors in a bank.
I’ll be covering the Compliance Week Annual Conference in Washington D.C. next week June 4-6, 2012 at the Mayflower Hotel. The venue alone is worth the price of the ticket! This year I will also be moderating/hosting several panels. See you there!
It’s difficult for me to imagine a new generation of systemically important financial services company CEOs without strong risk management experience. But the newly prominent role also gives shareholders, regulators, and the media an easy target for ridicule after a corporate stumble or failure.
