Control frameworks need top-down approach

Control chaos


Compliance departments are once again calling the shots in financial institutions, as more stringent regulations are being implemented by regulators in countries affected by the global financial crisis. The 2,000-page Dodd-Frank Act is driving a renewed emphasis at US financial institutions on the importance of compliance and the need for a strong control framework.

The post-crisis regulatory atmosphere is reminiscent of that after Enron’s collapse in 2001, which led to the creation of 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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