Credit Suisse Reviews Risk Structures to Boost Bank Oversight
- Risk chief Lara Warner working on changes since last year
- Bank started internal probe into fund with links to SoftBank
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Credit Suisse Group AG has embarked on a wide-ranging assessment of its risk controls as Chief Executive Officer Thomas Gottstein seeks to bolster oversight at Switzerland’s second-biggest lender.
The bank is considering centralizing risk management processes because they are too fragmented, often cutting across several business units, people familiar with the matter said. The risk structure is currently a topic of discussion at the executive committee level, the people said, asking not to be identified as the matter is private.