Moody's Says Risk Governance at Many Big Banks Still Lacking

In a Special Comment, Moody’s said there is significant room for improvement in the risk governance of many large banks and added that it will be looking closely at the issue in determining bank credit ratings. Moody’s singled out JP Morgan Chase (JPM), Macquarie and Santander (STD) as exceptions, with all three banks having a powerful Chief Risk Officer reporting to the CEO and the Board...

Seeking Alpha: Moody's Says Risk Governance at Many Big Banks Still Lacking