Standard Bank Sets Up New Risk Oversight Committee


STANDARD Bank of South Africa is creating a risk management committee to look at risk across all of the bank's operations, says Ian Gilbert, senior general manager of risk management.

In a related move, Standard has enhanced its credit risk management by bringing in new systems at its London office as the first step towards global consolidation of the bank's credit monitoring.

Gilbert says Standard's new risk committee will reinforce his current role by formally examining risk reporting across the

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