For enterprise risk, influence runs deeper than any veto
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Risk Benchmarking study finds formal veto rights concentrated among the largest lenders, but used only as a last resort
This article is part of a series benchmarking bank enterprise risk management practices. Subscribers can view selected cuts of the underlying data here, and sign up for Risk Benchmarking emails here.
The power of veto over business decisions is a right formally held by only a minority of enterprise risk management (ERM) teams – and used still more rarely – but banks responding to the latest round
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