Banks trying to impose their own improvements and stay ahead of new regulation
Probably overdue efforts to bring credibility back to banking which has been tarnished by an ‘investment banking’ culture lately.
reportonbusiness.com: Be careful, and other new guidelines
Yet many of these proposed guidelines, outlined in a report Thursday by the Institute of International Finance, may strike investors as self-evident – a sign of just how far the banking system strayed from basic principles of monitoring and controlling risk.
