Three Lines of Defence – The Debate
The Three Lines of Defence (3 LOD) was introduced in the mid 1990’s to provide a framework within which responsibility and accountability for risk could be assigned. Since inception it…
One Massive Lost Opportunity
This week has been hugely defining for me and everything I stand for in my professional life. For the last seven years readers may have noticed that I have been…
Tesco – The Cultural Perspective
I feel compelled to venture outside the financial services sector and reflect on Tesco’s announcement that it has overstated half year figures to the tune of £ 250 million. The…
Scotland – Logic or Emotion
Over four million Scottish residents will today vote on whether to form an independent country and break away from the United Kingdom. Who would ever have imagined such an event?…
The Law or One’s Reputation
A recent conversation I had with a senior lawyer led me to consider banks’ approach to staying within the law whilst managing one’s reputation. This very eloquent and obviously highly…
Managing Cultural Risk
Our business careers have been spent as observers of corporate practice, both good and bad. As internal auditors we have spent, perhaps too many, hours focussed on the bad and…
Credit Crunch Interview
Readers of my newsletter, Stop Press, may be interested in an interview I recently recorded on the subject of an article I have written concerning progress made since the credit…
Credit Crunch Revisited
My last article on the subject was published as far back as 2009, but I was surprised to learn that I’m still getting more than 10 hits a week and…
Stop Press On Holiday
Sandro Boeri’s newsletter is on holiday until 4th August. Yesterday’s events in the Ukraine and Gaza cast an uneasy shadow on your author’s mindset as I reflect on the human…
Is HSBC The Only Clean Wealth Manager in Town?
UBS remains the world’s leading wealth management house with assets under management increasing by 15.4 per cent to $ 1.96 trillion. In terms of the world’s top 25 asset managers,…