Hello,
For those of you that have a company wide risk function, and/or a risk committee, I'm wondering how you integrate the existing financial/credit risk practices into your enterprise risk management?
We are working on developing our risk appetite and maturing our reporting at our risk committee. We are using the NCUA's risk categories and what we're running into is the fact that our Credit Committee and ALM committee is already covering a lot of the risks in areas like IRR, Credit Risk, and Liquidity Risk. How do others handle this overlap?
Do you not report these financial risks at the risk committee? Do you duplicate some of the thresholds/reporting at both the risk committee and the credit/alm committees? I'd appreciate any guidance that could be shared.
Thanks,
Eric
