National supervisory risk guidance lags industry best practice, says FSB


The Financial Stability Board (FSB) today published a peer review on risk governance, finding that since the advent of the global financial crisis, national authorities have taken several measures to improve regulatory and supervisory oversight of risk governance at financial institutions.

But the study, which looked at governance structures at both national supervisors and regulated financial institutions, found many of the best risk governance practices at surveyed banks are now more advanced

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