Why wrangling risk at banks is so hard
It is still a struggle for management and regulators to get a clear view of what is really happening inside lenders
It is still a struggle for management and regulators to get a clear view of what is really happening inside lenders

Hiring star bankers and letting them bring their own posse has had mixed results

Customer information is either a private asset or a public good

Clients asking banks to review number of staff that have to be informed about live transactions

Policymakers and banking industry should push for convergence on rules

Growth raises concerns about underwriting and risk management at fast-expanding groups

The sector remains untested in a severe or prolonged economic downturn