Restoring trust in financial services
Financial institutions need to work a lot harder to earn longstanding customer trust
Add BT as a preferred source
Singapore
THERE is no "future-proofing" the financial sector from fallouts such as the recent Archegos Capital collapse, but financial institutions can learn by re-examining the processes to identify and understand the flaws and risks that led to the saga, said a top executive from UBS.
"Be risk aware, but in my business you can't be risk averse. Occasionally, you get that (Archegos episode) in the financial sector because it is very competitive . . . there is over exuberance. But there is no future proofing of such issues," said Edmund Koh, president of UBS Asia-Pacific.
TRENDING NOW
How I knew I was ready to retire at 50
Coinbase to expand Singapore operations, grow headcount to 200 despite global restructuring
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Lermit Road bungalow owned by family of Dennis Lee’s son on the market at S$98.8 million
