IIF’s Dallara criticises Basel Committee for shortcomings on governance reform

london-new-skyline

Charles Dallara, the managing director of the Institute of International Finance (IIF), a global association of financial institutions, on Friday criticised the Basel Committee for failing to give sufficient attention over the need to change the risk culture at banks.

At the Risk Management 2011: Industry Practices and Regulatory Priorities event in London, Dallara said: "Risk culture is crucial. A lot of the commitments to techniques for risk management, even if they remain embedded, do not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: