Bank boards have little time to focus on business risk, says Scotiabank chief

rick-waugh

The raft of new regulations being introduced around the world in a bid to prevent financial institutions causing another major economic crisis is limiting the amount of time top bank officials have to scrutinise risks within their businesses, according to Rick Waugh, chief executive of Scotiabank.

The new regulations include the introduction of Basel III capital and liquidity rules as well as many regional and national regulations linked to financial services, including the introduction of the D

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