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Monica Balan on Muck Rack

Monica Balan

As seen in: BISness
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Articles

Acting under uncertainty - the case for supervisory risk appetite frameworks

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By Monica Balan, Raihan Zamil
| BISness
Periodic episodes of banking sector distress invariably expose weaknesses in banks' governance and risk management and shortcomings in supervision. A recurring challenge for supervisory authorities (SAs) is the lack of an explicit framework to define, manage, and communicate their tolerance for supervisory risk: the risk that supervisory actions or inaction fail to achieve prudential objectives.
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Act early or pay later: the role of qualitative measures in effective supervisory frameworks

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By Fernando Restoy, Raihan Zamil, Monica Balan
| BISness
The March 2023 banking turmoil exposed fundamental failures in bank governance and supervisory oversight. While the affected banks met applicable quantitative requirements, they faced unprecedented liquidity runs, due to poor board oversight, flawed risk management and unsustainable business models.
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