G-Sifis must improve their use of risk data – SFC
Hong Kong securities regulator wants systemically important banks to improve their ERM
Global systemically important financial institutions (G-Sifis) need to create a cohesive data management approach which will enable senior management to properly understand the level of risk contained within in their business at an enterprise-wide level, according to Bénédicte Nolens who heads up the risk and strategy unit at the Securities and Futures Commission (SFC) in Hong Kong.
Nolens' comments were in relation to the SFC's inaugural 'G-Sifi Trends in Risk and Risk Mitigation' report, in
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