Supervision not regulation, says SEB's Hansen

Lars Hansen at SEB Life

In response to the banking crisis and the continuing economic slowdown, governments around the world have rushed to introduce regulatory reforms for the financial sector.

They’re right to do so – but the details of their approach are flawed, argues Lars Hansen, chief risk officer at SEB Life, the life insurance division of Swedish bank SEB, in Stockholm. Instead of concentrating on blanket reforms, board responsibility and higher capital levels, regulators should be taking a lower-level approach

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