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Operational risk

Capitol Hill in Washington DC

Look to risk management

With regulators' showing no mercy for non-compliant firms, now is the time to strengthen risk management and compliance departments

Called to account

Dealers have criticised fair value accounting on illiquid assets as exacerbating the subprime crisis. A growing number of banks and industry bodies have called for a suspension of mark-to-market accounting for illiquid instruments. Are the accounting…

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