Follow us on Twitter
Visit us on LinkedIn
Like us on FacebookMike Cohn's "ERM for Your Bank" Appears in MA Banker
July 2, 2012
In the current business climate and regulatory environment, Enterprise Risk Management (ERM) is fast becoming a common practice in financial institutions as a means to better align exposure and tolerance to risk with business objectives. While it is being accepted and practiced expertly by the large financial institutions, many smaller, community-based banks are not practicing ERM.
By implementing a robust ERM program utilizing a bottom-up approach, community-based financial institutions can reduce costs, improve delivery of their products and services, and survive in an increasingly competitive and regulated environment. (Read more)
Read entire article as it appeared in Massachusetts Banker, Second Quarter 2012.
Michael D. Cohn serves as Director of WolfPAC Solutions group and is a Principal at Wolf & Company, P.C. He provides risk management advisory services and board training to community based financial institutions. He can be contacted at mcohn@wolfandco.com or (617) 439-9700.
Visit the WolfPAC website to learn more about our services.
