Coen looks to wider issues affecting bank resilience
William Coen stressed the importance of improving corporate governance and culture, constructing better IT systems and conducting effective stress tests in a speech today (April 5).
Beyond bank capital, strong supervision and internal risk measurement, these areas are important to ensure the resilience and profitability of banks over the long-term, Coen, the secretary general of the Basel Committee on Banking Supervision, said.
In relation to IT infrastructure, Coen noted banks' risk data
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