Supervisors' report highlights risk failings
LONDON – Many financial firms' risk management infrastructure is inadequate to monitor risk exposures accurately and they need to reexamine the priority given to revenue-generating businesses over reporting and control functions, says a report by market supervisors.
The Senior Supervisors Group (SSG), which includes seven of the world's leading supervisors, says these problems are long-standing and will take time to resolve. They also justify supervisors' actions in shaping new policies to deal
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