Waters Roundtable: Risk and Compliance Too Close, Stress Tests Overused

Barry Schachter
Barry Schachter

For the first time, said Mark Abbott, head of quantitative risk at Guardian Life Insurance, compliance needs are driving risk management functions. In fact, compliance buildout has outpaced its counterpart. Fewer people are asking if the risk analytics are correct─more are asking if the controls around the assumption process are compliant. It's become about not getting investigated by the US Securities and Exchange Commission (SEC). Barry Schachter, a former risk officer at several hedge fund