Risk USA: Standardised regulation will cause systemic risk, warns senior UBS risk controller


Regulators are bringing about systemic risk by imposing prescriptive regulation on banks, warns a senior risk practitioner at UBS.

Paul Shotton, deputy head of firm-wide risk control and methodology for the Swiss bank, warned the Risk USA conference in New York yesterday that while regulators are trying to achieve a more stable financial market, their efforts will in fact work against them in the end.

"Even though these prescriptions may make any individual bank better risk managed than it would

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