Group Of Thirty Chief Stresses Role Of Management In Derivatives Risk
REGULATIONS
The most important recommendation of the Group of Thirty report on derivatives published last month is the first, which puts the onus on senior management to maintain policies and procedures for controlling risk, according to Sir Dennis Weatherstone, chairman of J.P. Morgan & Co Inc and a founding member of the group.
In the first public discussions of the report, Weatherstone was addressing industry participants at a conference last week in New York, hosted by the International Swap and
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