Highly cultured

patricia-jalleh-uob-2009

"I have never prescribed the concept that you cannot manage what you cannot measure," says Patricia Jalleh, head of group operational risk management at UOB Group in Singapore. In her view, the main lesson to be taken away from the global financial crisis is that firms should never become overly reliant on quantitative models. "One of the contributory factors to the crisis was the overreliance on quantitative models combined with inadequate understanding of the underlying assumptions. Decisions

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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