Buffett says top bankers should be accountable for risks

Warren Buffett, the world's richest man, said Tuesday that few banking chief executives appeared willing to assume responsibility for the risks their institutions take.
"I think that the head of any bank or financial institution has to be the chief risk officer, you cannot delegate (the job) to someone who comes in once a week," said the famed investor, known widely as the "Sage of Omaha."
"You don't have a business running a great financial institution accepting funds from others unless you're responsible for the risk," he said.
He told a press conference here there were few institutions and people who "take that obligation seriously.”
Asked if he would buy a bank, he replied: "I'd buy a bank but I'd wonder who the banker was.”