Banks create roles to manage supervisory relationships

LONDON & NEW YORK – With a spate of regulatory changes affecting the financial markets, banks around the world are being subjected to greater scrutiny by their regulators.  In response, major financial institutions are establishing heads of supervisory relationship management to act as the first point of contact for their regulators.

Joe Sabatini, head of operational risk management at JP Morgan in New York for the past 10 years, has recently moved to lead a new initiative at the bank called

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