A lack of standardisation in the way market risk is reported by financial services firms undermines attempts by regulators to make risk reporting more transparent, according to Sanjay Sharma, chief risk officer, global arbitrage and trading at RBC Capital Markets. Sharma was giving a keynote speech at the Risk Europe conference in Brussels in early April.
"There is a significant methodological disparity or heterogeneity across just the reporting of a single number. The concept of transparency do
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