Overhaul of Risk Management?

In the wake of the financial crisis, what percentage of banks are revamping their risk management process?
0-20, 20-35, 35-50, 50-65, 65-80, 80-100???

In a recent study, 90% of banks are looking into risk management practices while only 42% expect to make any changes. Where does that leave the 48% who are looking into it, but not making any changes? I can tell you: boardroom and executive education.

How many times have we heard of executives who panic when a trader exceeds their VAR on the downside once a quarter? Or, more frightening yet all too common in the heady days of 2005-07, the executives who ignore repeated VAR threshhold violations because they occur to the upside? Everybody complains how useless VAR is, and, believe me, I am no huge fan of VAR; but most of the negatives of VAR stem from a lack of understanding of its limitations and its uses.