Banks increased its monitoring of liquidity risks

The vast majority of banks, fearful of the financial crisis intensified control liquidity risk. This is the conclusion analysts Ernst & Young, bank survey commissioned by the Institute of International Finance (IIF). Nevertheless, some financial institutions have not yet adjusted to the end of the structural reforms. About this newspaper writes RBC daily on Wednesday, April 13. "The power and authority of the leading experts on the risks and their subordinates have been promoted, particularly in key areas such as business strategy and planning, the definition of risk appetite and risk management, product development and compensation," - said in a statement IIF. According to the poll, which was attended by 62 banks from different countries, 92% of them taught by sad experience of the crisis, changed the control of liquidity risk. Almost half of respondents reported that their financial institutions, professionals of the risks are now greater responsibility and report directly to CEO. Thus, the attention of the bank's management is now much stronger than ever, focused on risk management. According to analysts IIF, namely strengthening the control of risks can help banks avoid possible future crises. In this case, 93% of those surveyed banks have introduced new internal stress tests. For comparison, in 2009, such innovations have been made only in 74% of financial institutions. Another important change, to which banks were forced to go under pressure from regulators - changes in compensation policy. True, in this sphere transformation has not yet been completed. About 78% of executives said they have revised or reviewed nearly compensatory programs. For comparison, in 2009, such a response was given only 58% of respondents. One tenth of respondents, however, said that not even begun to review the compensation policy. The changes affected primarily bonuses have been criticized by politicians and regulators. Now the cash will be paid a smaller portion of the bonus, and other employees of banks will receive bonuses in the form of shares, with payments to be postponed for at least three years.