Abstract
As a pivotal component in corporate governance in banking organizations, risk management has become particularly visible in the context of the 2007–2009 financial crises, the failures of which are said to be the main cause of the overwhelming financial avalanche. Indeed, risk management has become the heart of financial reform and sound bank governance in the aftermath of the financial crisis all over the world. Based on in-depth analysis of prevalent risk management arrangements developed by BIS, the present chapter explores certain key elements in risk management system, such as generic categories of risks in banking organizations, the comprehensive risk management framework and governance structure, and specific risk management mechanisms. In this context, the chapter investigates varying risk management systems in banking institutions from different model countries and endeavors to reveal their dynamics with related legitimacy and paradigm discourses studied in previous chapters.
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Zou, W. (2019). Risk Management System in Corporate Governance in Banking Organizations in China. In: Corporate Governance in the Banking Sector in China. CSR, Sustainability, Ethics & Governance. Springer, Singapore. https://doi.org/10.1007/978-981-13-3510-5_9
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DOI: https://doi.org/10.1007/978-981-13-3510-5_9
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