Risk management reforms a work in progress: IIF survey

looking up into the clouds between buildings in the City of London

Banks have taken major steps to improve their risk management framework and governance structures in line with new financial regulatory standards, but more needs to done, was the message delivered in a survey published by Ernst & Young on behalf of the Institute of International Finance (IIF), a global financial institution association, on Tuesday.

Results from the survey, which is based on interviews and online surveys with 62 global firms conducted in the final quarter of 2010, showed that sig

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