By Matthew A. Moore and Michael J. Brauneis, Protiviti Associate Directors
The financial industry is hard at work trying to move beyond the U.S. subprime problems that surfaced in 2007. As part of the recovery effort, financial institutions are reconsidering their credit practices, quantitative models, governance structures and risk management activities. Each of these areas will experience change as banks and their boards and executives adapt to the current economic and credit environment.