Corporate governance in the financial services sector is influenced by factors peculiar to the industry. The author assesses the influence of analysts and points out that reporting timetables across the industry mean that peer pressure becomes an unusually influential factor. He assesses how...

The author takes mining as his paradigm and analyses the approach to risk management showing that financial and fuzzy factors should be taken into account and, if handled effectively, can produce a very useful operational risk analysis.

Daniel Ben‐Ami, author of Cowardly Capitalism: The Myth of the Global Financial Casino, argues that the popular view of the global financial markets as some sort of irresponsible and volatile casino is fundamentally wrong. He argues that the financial markets have been as susceptible as...

As deputy governor of the Bank of England, the author provides an overview of the trends in consolidation of the market before assessing current proposals on the capital adequacy of banks and the new Basel Accord. He expresses concern about the perennial problem of liquidity and then provides...

Risk management issues and the implications and implementation of the Basel Accord are concentrating the minds of the banking industry. The author assesses the implications and, from a legal standpoint, advises on how to apply the new skills which will be required. She also suggests various...

Risk management is more important in the financial sector than in other parts of the economy. But it is difficult. The basis of banking and similar financial institutions is taking risk in conditions of uncertainty. Describes how the Turnbull report, for which the author was project director,...

This is an exclusive extract from The ValueReporting Revolution: Moving Beyond the Earnings Game, a new book published by John Wiley & Sons, Inc., and written by four senior PricewaterhouseCoopers experts. In this extract they discuss the dilemma of risk management and risk reporting. They argue...

The Joint Working Group proposals on fair value disclosure of financial instruments have provoked controversy. Here the author looks at how the proposals would impact on banks’ risk management, lending policies and pricing.

Audit committees have been an integral part of risk management in financial services organisations for longer than in the rest of the economy. But the pressures on audit committee performance are growing. The authors, who have provided a guidance document published by the ICAEW, show how...

The issue of how banks should disclose the effects of financial instruments is fraught. The global standard‐setting community put forward their views in what became known as the Joint Working Group’s proposals. These aroused strong feelings in the banking world. This article is the first...