Clifford RossiSep 28, 20181 min readHow to Avoid the Next Crisis: Motivating Banks to Improve Risk Management Wells Fargo’s ongoing problems have demonstrated that there are still significant flaws in the so-called CAMELS supervisory rating system for banks. But if the existing rating system is modified to emphasize risk culture, governance and structure, banks may have the proper incentives to steer clear of future financial disasters.
Wells Fargo’s ongoing problems have demonstrated that there are still significant flaws in the so-called CAMELS supervisory rating system for banks. But if the existing rating system is modified to emphasize risk culture, governance and structure, banks may have the proper incentives to steer clear of future financial disasters.
