A firm-wide view of risk exposure crucial
Risk concentrations at most financial conglomerates are still mainly identified, measured and managed within separate risk categories and business lines, notes the Joint Forum of the Basel Committee on Banking Supervision in a new review.
The Joint Forum, a group of national regulators formed in 1996 to deal with common problems in their banking, securities and insurance sectors, has published a new cross-sectoral review of how risk concentration is identified and managed in major financial
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