Comptroller: Strategic Risk Should be Overarching Concern
Instead of asking whether a product is performing or whether growth goals are being met, the right questions bank execs and boards should be asking, according to the Comptroller, are "Are we offering the right products, and have we identified the right goals? Have we properly identified the needs of our customers and communities? Do we have a plan for adapting to the changing marketplace in the next five or 10 years? Has our board adopted approaches and policies consistent with the bank’s long-term business model, and have we articulated our goals effectively?” [11/21/16]
