The Role of Risk Management and Compliance in Banking Integration

27 Pages Posted: 20 Nov 2014 Last revised: 26 Nov 2014

Date Written: November 18, 2014

Abstract

This article explores an important but little studied dimension of the ongoing transformation of banking markets: the growth of risk management and compliance as key governance functions and the focus on risk as a foundation stone for regulatory strategy. The developments in risk and compliance are in part mandated by government regulation, but also reflect practices and norms developed in the private sector. Parallel developments reflecting convergence of norms and practice are observed in banking markets around the world.

Suggested Citation

Miller, Geoffrey P., The Role of Risk Management and Compliance in Banking Integration (November 18, 2014). NYU Law and Economics Research Paper No. 14-34, Available at SSRN: https://ssrn.com/abstract=2527222 or http://dx.doi.org/10.2139/ssrn.2527222

Geoffrey P. Miller (Contact Author)

New York University School of Law ( email )

Center for the Study of Central Banks
40 Washington Square South
New York, NY 10012-1099
United States
212-998-6329 (Phone)
212-995-4590 (Fax)

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