Observations
Sep 18, 2023In a recent column, Gillian Tett of the Financial Times laments that, fifteen years after the failure of Lehman Brothers, there are still significant deficiencies in banking supervision. She cites a recent IMF report, Good Supervision: Lessons From The Field. With many others, the IMF argues that the collapse of Silicon Valley Bank and forced sale of Credit Suisse earlier this year resulted from failures in risk management at firms.
by Eva Hüpkes
Compendium
Jun 07, 2023Observations
Jul 01, 2022The Wolfsberg Group, an association of thirteen global banks which aims to develop frameworks and guidance for the management of financial crime risks, recently published a paper entitled ‘Effectiveness through Collaboration’, which reinforced the message that effective anti-money laundering programs require collaboration with the public sector, including law enforcement.
