In this paper we investigate risk governance in 60 major international financial institutions and its influence on risk (calculated from equity returns). Risk governance has increased significantly during our sample period. We find the following variables to be important in determining risk...

This paper scrutinises the supposed benefits of diversity for financial risk management on the dimensions of gender and age. Using employee survey responses from ten large banks we find that females are no more likely than males to manage risk well after controlling for individual risk...

In this study, we analyze the relation between risk governance and risk and performance measures for a global sample of 107 insurance companies from 2004 to 2012. Our risk governance index covers several Solvency II provisions and includes the existence of chief risk officer on the executive...