Defect Seen In Banks Risk Management New York

Frequent personnel turnover seriously flaws the risk management at some banking institutions, an international banking firm executive said at a risk professionals conference recently.

The comments came from Michael K. Ong, executive vice president and chief risk officer-The Americas, for Credit Agricole Indosuez in New York. He was one of several experts attending the Global Association of Risk Professionals meeting for the financial services industry who discussed effective risk management skills with National Underwriter.

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