Conduct of senior execs key for banks, says head of Iosco

People are the biggest 'tail risk' in the financial system, explains David Wright in a speech at Asia Risk Congress today

David Wright, Iosco secretary-general

Top executives at financial institutions should take the lead in ensuring the business culture discourages misconduct otherwise regulators will impose measures such as breaking them up, according to David Wright, secretary-general of the International Organization of Securities Commissions (Iosco).

Speaking at the 10th Asia Risk Congress in Hong Kong today, Wright said that the quality of staff at financial firms is essential to risk management and financial stability as people shape the company

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