A very interesting study by EY which echoes exactly what we are seeing in the market; this is the mood of the times and many financial services organisations need to catch up.
The largest FTSE 100 financial services companies are making the shift to having the CRO sitting alongside the CEO and CFO on the Board. Three of the four largest are leading the way – HSBC, Lloyds Banking Group and Prudential. The fifth, RBS, has their Chief Governance Officer on theirs. Risk is playing a key part in the leadership of FS organisations and it is something that we will be exploring in February 2016 during a dinner headlined ‘The CFO and CRO – leadership alongside the Chief Executive’.
You can read the full survey by clicking here.