New York — Eighty percent of board members of U.S. financial services firms feel they could do more to reduce the chance of future industry instability, according to findings of a survey released by PricewaterhouseCoopers' Financial Services Industry Group. However, the survey also revealed a desire for greater transparency to accurately measure exposure to risk.
The survey of more than 300 board members, two-thirds of whom sit on the audit committee of financial institutions, was taken between September 22 and October 4, and was completed at the 2008 PricewaterhouseCoopers Financial Services Audit Committee Forum, the industry's largest gathering of financial services audit committee members.
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