Financial CEOs switch on to risk convergence
Chief executive officers at financial firms are championing risk convergence in the wake of the credit crisis, yet much work remains to be done
Spurred by the credit crisis, more chief executives and directors at financial institutions are taking up the cause of risk management 'convergence' - yet most firms haven't made much progress in reducing redundant controls and improving the overall efficiency of their risk programmes.
That gap between ownership and results is revealed in the latest OpRisk & Compliance intelligence survey on risk convergance. Of the 166 financial professionals polled in an online survey that closed on April 10
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