Regulators need more information to be effective
Middle East Investment Summit, Bahrain, November 2009
He says most reporting received by regulators is usually massaged through multiple levels of an organisation, removing much of interest and value. What regulators see in the end is bland information not particularly useful for understanding risks that could affect either the individual company or have systemic implications, he claims.
“The upshot is that the regulators get very, very little,” he notes.
Toor says regulators need a direct channel to risk teams. “It would not only provide better
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