Regulators need more information to be effective

Risk managers should have a direct reporting line to regulators, says 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. They are hindered by the convoluted way in which information reaches them.”

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

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here