LONDON, Jan 30 (Reuters) - HSBC said it had set upa new board committee to improve risk management, combatfinancial crime and help it simplify its business activities.
Europe's biggest bank said on Wednesday it had set up theFinancial System Vulnerabilities Committee. It said Jim Comeywill join as a non-executive director of the bank in March andwill be a member of the committee, joined by two othernon-executive directors and five independent advisers.
Chairman Douglas Flint said the committee will help CEOStuart Gulliver "to simplify business activities and enhancerisk management and control" by improving standards across thebank.