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2/6/13 - Supervisors Raising the Bar on ERM

Prudential regulators are using the discreet power of supervisory programs to elevate risk-management standards, most notably for large and mid-sized banks, and in doing so, are setting the long-term direction of bank supervision. Their heightened expectations for each of the traditional three lines of defense in risk management also imply less tolerance for shortcomings, and swifter and more onerous sanctions for those who fail to keep pace.

This Sightlines InFocus discusses the factors that define excellence in enterprise risk management and offers broad guidelines to achieve it.

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