Supervisors push banks to rethink booking models
Banks are being pressed to disperse their risk more widely, rather than centralising it in one or two hubs, says Citi's chief risk officer for Europe
Supervisors in some countries – including the UK's Prudential Regulation Authority (PRA) – are said to be pressing banks to reduce the amount of risk they book locally, prompting some to complain they are being pulled in different directions.
"There is a certain amount of ambiguity, because one of the pressures we've been under is to come up with a more simplistic business model, and we've been trying to do that," said Colin Church, chief risk officer for Europe, the Middle East and Africa at
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