Originally published by CU Times .
The Federal Reserve Board issued risk management guidance in 1995, which emphasizes that all financial institutions’ boards are responsible for their organizations’ condition and performance. While board members can’t be expected to understand the full details of their institution’s activities, the guidance makes it clear they should fully understand the types of risk exposures they face and should receive reports that identify the size and significance of those risks.
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The content in this article is provided for informational purposes and should not be relied upon as recommendations or financial planning advice. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by ALM First Financial Advisors as to the future profitability of investments recommended by ALM First Financial Advisors.
