Client's challenge
This top financial institution’s senior management and board were concerned that their oversight role had been seriously compromised by regulatory challenges and a recent merger that made it difficult to obtain useful information about the risks to the enterprise and steps taken to manage those risks.
PricewaterhouseCoopers Advisory solution
We assisted the board in developing a mandate specifying how risk would be managed across the enterprise and revising its charter to reflect this change.
Impact on client's business
As a result, senior management and the board now embrace a single, actionable vision of enterprise risk management. When it is fully implemented, the client expects to gain the appropriate visibility into risks the enterprise faces and how those risks are managed.
