Capco: The rise of the Chief Risk Officer
The OCC’s newest approach to safeguarding the economy further solidifies the CRO’s place in the executive suite.
The Office of the Comptroller of the Currency (OCC) has begun the process of forcing large banks to conform to its heightened expectations for risk management. Evidence of what these new standards could mean for banks came earlier this month when Bank of America announced it would realign its compliance function with risk management1. The decision came after Bank of America met
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