Banking regulators recognize ‘Strategic Risk’ as a real risk, but shy away from defining it and setting standards to manage it.
Where does Strategic Risk fit in the risk universe? And why are regulators so frightened of it?
Month: December 2015
Let’s Talk About Macro Culture
Let’s start with a question. ‘Does a trader from a Swiss bank on a trading floor in Tokyo have more in common with a trader in the same market in a different bank in London or New York than (say) a teller in a branch in their bank in Switzerland?’
And another question. ‘Does an engineer working for BP have more in common with an engineer from another company working on the same project than (say) an accountant from BP in London?’.
JPMorgan – Yet another Conflict of Interest Problem
So much for shiny, new Codes of Conduct.
Tidying up before the end of the financial year, JPMorgan Chase and the Securities and Exchange Commission (SEC) and the Futures Trading Commission (CFTC), agreed a fine of $307 million on the company and unusually an admission of wrongdoing [1].
Continue reading “JPMorgan – Yet another Conflict of Interest Problem”
People Risk Management 