For compliance risk, the big get bigger
Second-line teams have been growing at US G-Sibs – and are set to continue – while Europeans’ flatline
Jump to: Organisation and staffing | Risk controls | Modelling | Scenario analysis | Mini-methodology
If a bank is big – that is, really big – can it shrug off the attentions of its regulators? Can it swat away warnings like cattle swat away flies? Can it ignore fines and penalties like a whale ignores the bite of a lamprey?
This is what some regulators fear, according to a senior operational risk executive with one global systemically important bank (G-Sib), who participated in this year’s
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