FinTech Magazine September 2023 | Page 62

HOW BANKS CAN IMPROVE CORPORATE GOVERNANCE
By Dow Jones ’ Joel Lange
• Identifying and assessing the potential impact on partners , customers and suppliers who may be impacted by periods of volatility
• Gathering reliable and actionable intelligence and conducting regular risk assessments to stay informed and prepared
• Continuously monitoring breaking business news and developments in regulatory policy – minimising tail risks where possible through proactive risk mitigation
• Fostering a culture of transparency by establishing communication structures across departments to effectively inform and engage key stakeholders explains Aikman . “ These issues build on pre-existing vulnerabilities in the EU banking system , and its ties with sovereign debt positions , that have not fully been addressed .”
Banking uncertainty : Tightening lending rates It is clear uncertainty in the global banking landscape is widespread , and with that comes knock-on effects .
SunTec President Amit Dua notes : “ The lending standards in US banks have been tightened and this trend is anticipated to
62 September 2023