Risk and Control Self-Assessment Survey

A robust risk and control self-assessment program is now considered a cornerstone of a mature enterprise risk management framework for non-financial risk. The results of RMA’s RCSA self-assessment survey—conducted in the summer of 2023 and featuring responses from 59 financial institutions—reveal that many banks are currently revisiting and enhancing their RCSA methodologies and approaches. They are also facing headwinds in their attempt t…