Deloitte have released a report based on a survey of banks and their approach to risk management, including the degree to which they have embedded risk into compensation decisions.  The survey includes financial institutions from around the world, with 27% being banks over $100 Bn. Slightly more than 50% have not integrated risk across the enterprise and into compensation.  This is somewhat surprising considering the public attention paid to the matter, and the lessons learned over the last two years about the disassociation of compensation from negative results Risk management in the spotlight | Deloitte Recent developments in the financial … Continue reading Many banks still failing on implementing risk management | Deloitte survey & report

Apologies to  anyone that was inconvenienced with the outage yesterday and earlier today.  The outage was an error as noted below by WordPress. I continue to have faith in their service and their attempts to ensure that there are no blogs that use ‘affiliate linking’ is welcome to me.   It turns out in 2007 I pasted a paragraph from another site that I was quoting, and it contained an errant link that a recent update at WordPress picked up.  It was hardly enough to suspend the blog, hence the apology which is accepted. A small thing, but important nontheless … Continue reading Normal service has been removed – blog is back

in what will likely be only the first of many ,Lloyds Chairman announces plans to step down prior to next Annual Meeting in 2010.  The larger issue here is the dual influence from markets, chastising Blank for the HBOS takeover, and government influences. Both in UK and US, the influence of government is significant within large Banks, and as discussed earlier, the arrival of the political dimension is inevitable. Blank will step down from Lloyds | FT LONDON, May 17 (Reuters) – Victor Blank is to step down as chairman of Lloyds Banking Group (LLOY.L) before next year’s annual shareholder … Continue reading Blank will step down from Lloyds | FT