Like many other parts of the industry, risk management took a beating during the crisis. Some risk managers turned whistleblowers, lifting the lid on dodgy practices at their own institutions – and, in the process, revealing the degree to which they had been sidelined; others turned to self-flagellation, admitting they had not been tough enough.
But while regulators are now trying to sidestep other problem professions – by ignoring accounting numbers, in some cases, or marginalising the work of
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data