Getting to Strong – What Banking Organizations Need to Know

Protiviti Whitepaper

Getting to Strong – What Banking Organizations Need to Know

An enterprise-wide, coordinated approach is needed to enable an institution to emerge from this business cycle with the ability to balance the need to reward its people for seeking growth together with the institution's stated and accepted risk appetite.

As financial institutions emerge from the most severe economic rupture in generations, many are struggling to respond to the heightened expectations of multiple stakeholder groups. Among the expectations is the drive captured by the regulatory phrase "Getting to Strong" (GTS). While this term stems primarily from the U.S. Office of the Comptroller of the Currency's (OCC) method for evaluating large banks' risk management practices, the concept is broader and describes the urgent expectation of many stakeholders.

 

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