
A crisis in regulatory recruitment
Editorial Letter
I've heard this same tale at least four times in the past six months. I expect many of Operational Risk's readers, at one time or another, have been approached by their nation's regulators. But most choose to stay put at their banks, insurance companies or asset management firms. Said my lunch companion, "I told them that in order to attract the kind of talent they will need, they have to pay market rates."
So how will the world's regulators attract the talent they need? In a blink of an eye, they will be expected to start validating advanced measurement approach models for op risk. This isn't easy stuff to do – the industry is still struggling over how to put these models together. If regulators can't come up with credible opinions on them, trouble will start to brew.
Governments are going to have to seriously think about how they can attract the talent they need to work within their regulatory agencies. Or they will risk losing the respect of those firms that they supervise.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on People
Derivatives
Callable repack frenzy opens up new options market in Europe
Demand driven mainly by French life insurers looking for alternatives to low-yielding sovereign bonds
Receive this by email