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EC politics put shadow banking in the spotlight

BRUSSELS - "Concerning hedge funds, the group considers they did not play a major role in the emergence of the crisis," reported Jacques de Larosiere's high-level group on European Union supervision back in February. Hedge funds and the so-called shadow banking sector have received little blame for their part in causing the current financial crisis but their opacity has increasingly attracted

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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