Insight

On the 2021 banking industry audit committee agenda

“Look Ahead 2021” for banks from the KPMG Board Leadership Center and Audit Committee Institute

Peter Torrente

Peter Torrente

National Sector Leader, Banking & Capital Markets, KPMG US

+1 212-872-5815

When bank boards of directors and their audit committees look back at the events and crises of 2020—COVID-19, recession, extreme weather events, deep-seated social unrest, and an increasingly polarized America—they’ll no doubt remember a daunting and opaque business and risk environment.

In looking ahead to 2021, we expect those bank directors will experience a year that may bring even more compelling challenges as the world continues to grapple with a new reality in everyday life and in business life.

Drawing on insights from our latest survey work and interactions with directors and business leaders, we have created two new POVs that highlight issues for bank boards and their audit committees to keep in mind as they consider and carry out their 2021 agenda.