Governança de riscos e indicadores de solvência: uma análise exploratória nos bancos europeus

Abstract

The global financial crisis created incentives for the adoption of risk management practices, especially for banks. The Basel Accords are examples of recommendations that seek to ensure financial soundness and reduce systemic risk. The literature reveals that the adoption of Enterprise Risk Management can create several benefits, including value creation and reduced risk of bankruptcy and operational problems, by providing better responses and control to emerging risks. The achievement of more sophisticated risk management is also related to the implementation of risk governance elements. This study seeks to carry out an exploratory analysis of risk governance and solvency indicators in European banks. From a sample of 79 banks and 1,288 bank-year observations, listed on the main European Union stock exchanges, we found evidence of the influence of the financial crisis on the sophistication of the ERM and the hiring of the CRO in the solvency indicators.