Risk execs should report to regulators, says Toor
Risk managers should have a direct reporting line to regulators, according to Harvey Toor, chief risk officer at sovereign wealth fund Abu Dhabi Investment Council.
“Regulators need to be able to ask dynamic questions and make dynamic assessments,” he told delegates attending the Risk Middle East conference in November. “They are hindered by the convoluted way in which information reaches them.”
Toor said most reporting received by regulators is usually massaged through multiple levels of an
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