Survey Roundup: Risk Governance Not Just a Function of Money

Focus on Risk: More effective risk governance—beyond simply adding more compliance people to the staff, which would increase costs but not likely improve controls—is the best way for financial services companies to meet their governance challenges, according to a report from Ernst & Young. Pressure also comes from investors, who expect firms to adjust their business models and costs in light of these new market pressures and regulatory scrutiny.

The Wall Street Journal