Banks have long strived to better align and integrate their risk and finance functions. While these efforts often were the result of pressure from consultants, investors, or even regulators, initiatives were invariably undermined by technological, organizational or business model challenges and resulted in outcomes far short of their potential.
The financial crisis has once again changed the way that banks look at risk and finance integration and these projects are being re-prioritized. But the path to successful risk and finance integration is no simpler than in the past.
Download Aligning Risk and Finance in Banks: From Theory to Practice, from Chartis Research featuring results and findings from a study conducted to understand the problems that banks are facing, their aims for risk and finance integration, and their technology needs. This informative paper highlights the main drivers for risk and finance alignment; identifies and addresses regulatory challenges; and explores other barriers to implementation, while outlining tactics that banks can apply if they are to succeed in this critical endeavor.