Entries tagged "risk management"
The papers Tuesday seem to disagree about whether we have reached a new normal.
The Goldman Sachs CEO's Financial Times column offers a lot of grist to grind on the topics of regulation and risk management.
Another regulatory alum chimes in. On Wednesday, former New York Fed chief and current Goldman, Sachs & Co. (they're everywhere!) risk macher Gerald Corrigan weighed in with a load of mostly sensible proposals under the aegis of the felicitously named Counterparty Risk Management Policy Group. Corrigan's group has been worrying about the situation for a while now, particularly about CDOs and credit derivatives, proof of sorts that not everyone was gulled by the fancy stuff. The problem with the reforms tossed out, as The Wall Street Journal reported, is that while everyone is frantically bailing, no one has the time...
Senior executives at some of the largest U.S. investment banks Wednesday suggested for reforms aimed at preventing a reprise of the risky behavior that led to today's financial market turmoil. ...
