Risk Management

 

In our roles as both financial fiduciaries and  long-term investors who have been buffeted by increases in sector volatility and significant sector under-performance, ICCR members seek to understand how a commitment to market stability and risk containment are reflected in  the policies and operations of the banking sector. The connection between long-term financial performance and the corporate responsibility and accountability of individual institutions has become increasingly clear in the post-crisis years. ICCR members seek greater transparency around high-risk and controversial trading activities and stronger regulations that will deter the type of excessive risk-taking that led to the near meltdown of 2008 with painful and on-going global repercussions.

--------------------------------------------------------------------------------------------------

Featured ICCR Initiatives

Business Standards. Despite some positive steps taken since the start of the financial crisis, ICCR members are concerned by the constant flow of settlement announcements that the major banks continue to make to address issues related to the near financial collapse of 2008.

This year, they asked Bank of America, J.P. Morgan Chase, and Wells Fargo to report on how they are rebuilding commitment to ethics by their staff; on any new checks and balances mandated by the Board and management addressing risk; on new structures of Board accountability and oversight; on any steps taken to insure no recurrence of misconduct; and on the compensation package of top executives and responsible staff involved in or accountable for oversight of these scandals, including the process for clawbacks and positive incentives reinforcing responsible behavior going forward.

--------------------------------------------------------------------------------------------------

Featured Resources

Faith and Finance: Finding Common ground to Protect the Common Good 

ICCR’s Ranking The Banks.

 

 

 

 

The Corporate Examiner

* indicates required