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S&P: Banks Short on Risk Management Data.(Standard & Poor's Corp.)(Brief Article)

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| August 01, 2002 | COPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

While banks have made progress in enterprisewide risk management, they remain hampered by a lack of data, according to a study by Standard & Poor's.

Roy Taub, executive managing director of S&P's risk solutions group, said better collection and management of internal data "is clearly necessary."

The S&P risk management benchmarking study, which was developed by a consortium of 50 large and small banks, looked at risk governance and strategy, market risk, credit risk, operational risk and capital management.

Key findings were:

* Few banks have more than five years of reliable internal data ...

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