HFC Risk Scenario & The Role of CRO
Manoj Agrawal
![Manoj Agrawal]()
Manoj Agrawal
Group Editor at Banking Frontiers; Founder Director at Glocal Infomart Pvt. Ltd.; Editor at FIDC News
Recently the National Housing Bank (NHB) directed housing finance companies (HFCs) to appoint a Chief Risk Officer (CRO) in a bid to improve risk management practices. The NHB circular asked the board of HFCs to put in place policies to “safeguard the independence of the CRO” who should report directly to the Managing Director and Chief Executive Officer.
To get a clear picture of the current and forthcoming scenario, Ravi Lalwani spoke to MDs & CROs of seven HFCs in India about the role of CROs and risk management strategies adopted by the HFCs. Read this special story, ' HFC Risk Scenario & the Role of CRO' in the July issue of Banking Frontiers magazine.
Read other news and reports at www.bankingfrontiers.com
Risk Advisory- Banking and Embedded Systems BFSI
5 年Also one needs to the structure of a CRO in Banks. His reporting lines, how independent he is to cover, All types of Risk. i.e. Credit Risk, Operational Risk, Market Risk, People Risk, strategic Risk . The Board members have to be non executive and independent
Risk Advisory- Banking and Embedded Systems BFSI
5 年In fact CRO should report only to the Board Risk Committee and not to CEO or MD. CRO can only have an dotted reporting line to the for admin reasons