Look to risk management
With regulators' showing no mercy for non-compliant firms, now is the time to strengthen risk management and compliance departments
It has been another bleak week for the US, with the subprime crisis claiming its latest victim, IndyBank, and Fannie Mae and Freddie Mac being bailed out by the Treasury. In such a tense atmosphere, the regulators are coming out thick and fast with new legislation or enforcements actions to decisively nip any potential systemic risks in the bud. Although most financial services firms are struggling to operate through these chopping waters, a word of warning: do not overlook any regulatory or
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