The rotten core


The subprime spectre has reduced swaths of US residential areas to empty shells, with lenders defaulting and homes being repossessed as banks foreclose on mortgage investments turned to junk. Perhaps worst, the impact is not restricted to the subprime mortgage and securitisation markets that encouraged a credit culture obsessed with volume, but it is affecting most those who can afford it least - blue collar, black and immigrant communities. Focusing on the ground zero victims of subprime takes

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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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