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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Rolling the Credits: Credit Suisse Suffers a Double Whammy
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<blockquote data-quote="Dheepa" data-source="post: 77700" data-attributes="member: 1572"><p>While I think the Basel regulations are great I don’t think it necessarily address the problem that: Executives tend to get away with quite a bit (often one or two high profile investigations/charges in what could not have possibly been a one man operation anyway) there tends to be a lack of transparency on what is sold to clients and that even if significantly less than what was available pre-2008 the bonuses still act as enough incentive to take on more than risky deals.</p><p></p><p>Re: GS getting out quickly - think GS have already lost quite a bit from the 1MDB banking scandal (both reputationally and from paying out compensation) so I’m sure they’re taking compliance and risk a lot more seriously because of it.</p></blockquote><p></p>
[QUOTE="Dheepa, post: 77700, member: 1572"] While I think the Basel regulations are great I don’t think it necessarily address the problem that: Executives tend to get away with quite a bit (often one or two high profile investigations/charges in what could not have possibly been a one man operation anyway) there tends to be a lack of transparency on what is sold to clients and that even if significantly less than what was available pre-2008 the bonuses still act as enough incentive to take on more than risky deals. Re: GS getting out quickly - think GS have already lost quite a bit from the 1MDB banking scandal (both reputationally and from paying out compensation) so I’m sure they’re taking compliance and risk a lot more seriously because of it. [/QUOTE]
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Rolling the Credits: Credit Suisse Suffers a Double Whammy
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