Leaders in Lending | Ep. 111: CRO perspective – Balancing risk and innovation in banking

Following recent bank failures, there has been a shift in the nature of risks in the banking world — the federal government playing a significant role in stabilizing. These experiences have highlighted the dynamic nature of risks in finance and banking and the need for a responsive government, ready to take action.

In this conversation, we’re joined by Kristina Schaefer, General Counsel, Chief Risk Officer & Chief Administrative Officer at First Bank & Trust. We dive into the evolution of banking (and government involvement) over time and what it means for today. According to Schaefer — banks must adapt from traditional methods to meet the quickly evolving needs of today’s financial markets.

Join us as we discuss:

• The past, present and future of the banking and federal government relationship
• Current state of risks, and what it means for federal involvement
• Importance of people, culture and community in banking operations

 

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