Think-tank claims Sox has 'reduced risk taking in US'


The report, which used 16-year old data and sampled 5,228 UK and US firms, looked at accounting-based risk measures in relation to research and development (R&D) and capital expenditure. It measured stock-based risk and found a decrease in market risk, equity risk and firm-specific risk since Sox, compared with UK counterparts. The largest decline was seen in high risk, R&D-intensive industries. Using a sample of initial public offerings (IPO) from 1990 to 2006, the report concluded: "The

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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