Crisis shed light on corporate governance challenges: Bank’s head of risk

london-bank-of-england-with-lamp-post-in-foreground

The financial crisis has thrown up more questions than answers in the field of corporate governance, Steve Miller, the Bank of England's head of risk oversight, said on Thursday.

Speaking at the 12th annual OpRisk Europe conference, Miller acknowledged that there was a disjunction between what risk officers were expected to do, and what they are actually able to achieve. It was accepted that risk managers and chief risk officers should have "unfettered access to the board" and should function wi

To continue reading...