I am preparing a story for the Sibos issue of Banking Technology, and if there is a discernible trend it is that experts think Asia will come out of the financial crisis before Europe and North America. And along the way, Asian banks and multinationals have acquired some attitude.
Two different sources talked about “flexing muscles,” [...]
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The FSA’s new rules on liquidity management threaten to overload banks with reporting that the regulator won’t be able to understand while missing the source of the current financial crisis, said panelists at a Financial Services Club Capital Markets forum on 10 March.
Because the session was conducted under the Chatham House rule, this commentary doesn’t [...]
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In Sunday’s New York Times, Eric Dash and Julie Creswell take apart the failed risk management practices at Citigroup in a detailed article that draws on extensive comments from bank insiders.
Much of the cause will be no surprise – traders overpowered the risk managers, a senior risk manager was good friends with the guy who [...]
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