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Goldmans Appoints New Partners Goldman Sachs has just completed its biennial partnership round leading to 95 new appointees. This is the highest number since 2010 and reflects optimism with the…

Mixed Market Reactions There were mixed reactions to the unexpected extent of Trump’s victory in the stock and bond markets. The S&P 500 rose 2.5 per cent with the small…

Two seemingly unconnected events in my life during the last 24 hours have given me a lot of food for thought. In the wake of President Trump’s unexpected election triumph,…

Quality in Financial Services Internal Auditing Risk Audit will be running a  one-day course on Wednesday 4th December which provides an opportunity for financial services internal audit functions to take…

Conduct Risk for Internal Auditors The term “conduct risk” has led many organisations to restructure their regulatory compliance processes and embark major initiatives to ensure regulatory risk management is fine-tuned….

AI on PRA’s Radar Screen Deputy Governor of the Bank of England, Sarah Breeden, yesterday gave a fascinating speech to a Hong Kong conference on the PRA’s thinking on AI….

Car Finance Market in Disarray Consumer credit providers have met with the UK Treasury and regulators to request a freeze in the processing timeframes for complaints. This follows a shock…

Latvian Bank Owner Orders Hit The owner of a Latvian bank has been sentenced to 15 years in prison for ordering a hit on a whistleblower. Mihails Ulans, the former…

HSBC Exceeds Expectations USBC has exceeded analysts’ expectation by reporting a 10 per cent increase in third quarter profits to $8.5 billion. Wealth management fee income was the major driver….

Basel 3 Capital Concerns A senior US banking regulator has voiced concerns that the banking industry risks unraveling all of the good work on capital. Michael Hsu, acting Comptroller of…