Banking companies have done a good job implementing a number of best practices in risk management, such as hiring chief risk officers and increasing board oversight, according to the sixth edition of Deloitte & Touche LLP's Global Risk Management Survey.

However, the banking industry must develop more comprehensive policies to manage their risks, according to the report, which Deloitte released Monday.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.