Banks under pressure to boost treasury risk oversight
Credit Suisse among banks that have expanded their second line of defence, conference hears
A mounting emphasis on liquidity risk management is causing banks to create larger and more independent treasury risk oversight functions, according to panellists at the Liquidity & Funding Risk Europe conference in London today (September 21).
During a panel discussion, the attendees were told how banks such as Credit Suisse had recently been expanding their second line of defence into larger separate oversight teams to look at all treasury risks and provide a second opinion on how they were
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