Description
Michiel Haasbrook, Chief Finance and Risk Officer at BIL Swiss, discusses the most pressing operational risks organizations face today, emphasizing human errors and emerging tech risks, such as third-party outsourcing and cyber threats. Additionally, he contrasts the idiosyncratic Chinese financial sector, dominated by state ownership, with the unique compliance risks faced by Swiss private banks, particularly in anti-money laundering controls. The discussion also touches on the impacts of Credit Suisse's merger with UBS and its implications for the Swiss banking sector.
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