In an industry reeling from the financial crisis, enterprise risk management finally is finding a more willing audience among banks. But achieving ERM requires both a mastery of data and a cultural commitment.
By John Sabatini, Principal, and Erin McAvoy, Senior Manager, Financial Services Office, Ernst & Young | February 18, 2009
Banks that integrate the technology components of their AML programs stand to gain considerable return on investment, according to John Sabatini, Principal, and Erin McAvoy, Senior Manager, Financial Services Office, Ernst & Young.
The credit crisis and related fallout have created a kind of "crisis of faith" across banking. But after the anger, sorrow and confusion, a smarter, stronger and more customer-focused banking industry could emerge.