April 2, 2013 - The majority of corporate executives believe their company's banks are still taking too many risks in the aftermath of the global economic crisis, a new study has revealed.

Research carried out by Ernst & Young established that just 43 per cent of senior officials are fully confident that their financiers have learned their lessons and are now operating with an acceptable level of risk.

The Successful Corporate Banking: Focus on Fundamentals report also found that fewer than one-third of such professionals feel their bank shares sufficient information on its capital, liquidity and risk strategies, despite the need for more transparency following the 2008 slump.

In addition, 35 per cent of respondents believe their financier's systems and processes are "outdated".

Steven Lewis, global banking analyst at Ernst & Young, said such figures offer proof that lenders have little choice but to be more open about their operations in future.

"It has never been more important for banks to demonstrate commitment and attentiveness to its corporate clients," he added.