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Category Archives: Global Banking
Ina Drew’s London Whale
If you consider the differences between knowledge and wisdom… you begin to see that one gets you through the day/hour, while the other gets you through life/the situation. Wisdom always adds the benefit of context drawn from experience. I was … Continue reading
When will they learn to put customers first?
Excerpt from Mark Seider’s article on InvestmentNews, “The Regulatory Tightrope” – “What is needed is forward-looking regulation that can level the playing field between Wall Street and Main Street, create appropriate incentive structures and penalty functions, and protect people from … Continue reading
Posted in Financial crisis, Global Banking, Risk Management
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Pride comes before a fall
Wall Street will never stop springing these surprises so long as : 1) Global bank regulation allows it. 2) Management of banks believe it will never happen to them. 3) Training of bank staff in risk management is universal and … Continue reading
Is regulation pushing compliance into risk? A response to Rachel Wolcott’s article
In the fast changing world of bank regulation right now, Rachel Wolcott has picked up on a very important and topical debate with her article in the Financial Regulatory Forum, “Time to merge risk management and compliance?”. Indeed, non-compliance with … Continue reading
Greed Culture at Goldman Sachs
The article linked below from the NY Times today further reinforces a lot of the recent discussion we are hearing on the culture of many banks over the last decade or so, and how they internally score their goals: Greed – … Continue reading
