Exchange mergers to reduce op risk
NEW YORK – The consolidation of stock exchanges across countries will lead to reduced operational risks as a result of the spread of best practices in risk management, according to Peter Stockman, head of the capital markets group at PA Consulting.
Speaking at an operational risk conference in New York, Stockman said the exchange mergers would reduce operational risks as operational efficiencies flow from one exchange to another.
"I believe the ability for exchanges to apply the same risk management framework across its various geographic locations should lower operating risks. Additionally, in today's electronic exchanges, there are less
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