Harvard Business Review

MAY 15, 2012

Institutional banking businesses — including trading operations — typically don't have high barriers to entry. financial institution has pulled back or failed, there has almost always been a European bank or a Japanese bank or some other player willing to take over its trading operations or enter the market in its place.

Banking 9

Banking Hedge Constraint Operations 9

Harvard Business Review

OCTOBER 3, 2013

Many other major financial institutions — Bank of America , Citigroup, HSBC, Barclay’s, Wells Fargo, UBS, etc. But, at the end of the day, it is bank leaders and employees who must take the right business, legal and ethical actions under existing law. Poor controls over risk and valuations. LIBOR rate rigging.

Banking 8

Banking Management Ethics Letter 8

Strategy Driven

NOVEMBER 6, 2015

Whether your focus is on customer service, profits, investing, marketing, or company growth a constant awareness of your current position in relation to where you want to be is essential. Banking and investing plan is annually updated, with realistic, measurable goals. Business Success Checklist. The business you’re in.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Harvard Business Review

MARCH 22, 2018

My perspective and approach to misconduct risk are influenced by my work as a bank supervisor, and by my background and training as an economist. In my view, bank supervision must include attention to the culture at financial firms, not just to their financial safety and soundness. Market Failures and Misconduct Risk.

Company 12

Company Banking Incentives Human Capital 12

Harvard Business Review

SEPTEMBER 14, 2018

Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks. Peter Dazeley/Getty Images.

Crisis 11

Crisis Banking System Cooper 11

Harvard Business Review

NOVEMBER 23, 2016

These threats change the risk management calculus of firms hoping to succeed in a more turbulent world. Start-ups are particularly at risk today because of both their size and age. Make risk a strategic priority. Challenge risk financing conventions. Small businesses and young businesses are especially vulnerable.

Insurance 8

Insurance Risk Management Finance Supply Chain 8

Harvard Business Review

MAY 31, 2012

boss, Ina Drew , the former head of their unit in of the bank's, the Chief Investment Office (CIO); and CEO Jamie Dimon, to whom the CIO reported who oversaw the CIO. Drew quickly retired after the losses, and Iksil and Macris are, according to news reports, leaving the bank.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

JUNE 13, 2012

For enterprise risk management, key policies include a statement of risk appetite and explicit risk tolerance levels for critical risks. The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior.

Management 12

Management Banking Committee Risk Management 12

Harvard Business Review

DECEMBER 28, 2017

This is promising for a market formerly dubbed the “breadbasket of Africa.” ” Once one of Africa’s most developed markets – with a solid education system, good infrastructure, and a relatively large middle class – decades of mismanagement have cost Zimbabwe.

Banking 8

Banking First-mover Advantage Politics Finance 8

Harvard Business Review

AUGUST 24, 2017

A nearly $150 million settlement is pending for the fake-account scandal that roiled the bank last year, and a new scandal has emerged: Recently it has been alleged that thousands of customers were signed up for insurance without their knowledge. ’s largest banks? What explains the divergence in the fortunes of two of the U.S.’s

CEO 8

CEO Accrual Accounting Pharmaceuticals Banking 8

Harvard Business Review

MAY 24, 2012

Every large financial services company has instituted risk management, but that hasn't prevented risky behavior in the form of office politics and personality conflict — as the JP Morgan trading debacle has demonstrated. Risk management isn't exclusive to banking. Risk management isn't exclusive to banking.

Merchandising 10

Merchandising Risk Management Supply Chain Retail 10

Harvard Business Review

AUGUST 4, 2014

We find the debate interesting because it offers a great example of reputation risk – and more specifically, of why such risk has to be assessed both quantitatively and qualitatively. Over the decades, risk management has become a deeply quantitative endeavor. Public relations Risk management Transparency'

Reputation 9

Reputation Risk Management Supply Chain Crisis 9

Harvard Business Review

OCTOBER 1, 2013

That comes after a nearly $1 billion deal just a few days ago to end civil investigations into several matters including the bank’s multi-billion-dollar “ London Whale ” trading loss. Then there are the two former bank employees that authorities have been trying to arrest ( one successfully ) for their roles in the London Whale events.

Banking 9

Banking Risk Management Constraint Finance 9

Harvard Business Review

SEPTEMBER 26, 2014

By Focusing on Resilient Risk Management Ebola Battlers Can Learn from Venice's Response to Black Death NPR Every now and then, a story comes along that makes us editors say, "Why didn''t we think of that?" This all comes down to what the article’s authors call resilient risk management. Risk management'

Management 9

Management Risk Management Finance Real Estate 9

Harvard Business Review

JUNE 8, 2012

Subprime mortgage losses turned out to be much smaller than expected —$300 billion, according to the Federal Crisis Inquiry Commission—and non-bank lenders suffered most of those losses (notwithstanding mark-to-market losses from credit downgrades). Angry voters conflate the risk of loan losses with the risk of withdrawals.

Real Estate 13

Real Estate Short-term Banking Crisis 13

Harvard Business Review

JUNE 29, 2016

The Bank of England will likely lower policy rates, or even adopt negative interest rates. Use the scenarios and sensitivities that you’ve identified to test the resilience of your current plans, highlight risks, formulate response options, build capabilities, and reflect the results in strategies and initiatives and in risk management.

Uncertainty 9

Uncertainty Short-term Supply Chain Long-term 9

Harvard Business Review

OCTOBER 11, 2013

banks can use in their business. According to a 1992 study by the Government Accountability Office, the average leverage ratio for the top 13 investment banks was 27-to-1 during 1991 (up from 18-to-1 in 1990). drop in asset prices would wipe out the equity of the bank. Ethics Finance Risk management'

Incentives 8

Incentives Banking Ethics IPO 8

Harvard Business Review

FEBRUARY 10, 2015

Yet, unlike money, the market for personal data is relatively embryonic. for a bank to provide data security protections to its customers’ social media accounts). By providing a range of independent views on the risk profile of different economies, investors can have greater confidence in the system as a whole.

Telecommunications 8

Telecommunications Cost-Benefit Analysis Reputation Survey 8

Harvard Business Review

JANUARY 20, 2014

Instead of thinking about technology for technology’s sake, we studied the real consumer pain points in the market. They’re unbanked or under-banked or, as we call it, unhappily banked. There’s a saying that “It’s expensive to be poor,” and it really applies to these segments of the market. Leadership'

Execution 8

Execution Software Banking Franchising 8

Harvard Business Review

OCTOBER 10, 2017

In an experiment, we approached the call center of a bank’s consumer loans business. (We’ve Guest experts from other parts of the business, from legal to marketing, were invited to visit when needed. Before, tricky problems would be redirected to a risk manager. Building Balanced Cultures. Related Video.

Organization 12

Organization Tactics Call Center Metrics 12

Harvard Business Review

NOVEMBER 22, 2016

How Banks Are Capitalizing on a New Wave of Big Data and Analytics. With so much activity around AI experimentation and implementation – combined with customer demand, cost pressure, and the need to maintain or expand their foothold in the market – insurers can no longer afford to overlook AI and its implications.

Insurance 8

Insurance Industry Content Competitive Advantage 8

Harvard Business Review

SEPTEMBER 16, 2016

Data contributes not only to brand equity, but to what constitutes product and service delivery in globally connected and hyper-competitive markets. Meaningfully defining EvD will help ensure that corporate accounting and risk management standards take into account present day realities.

Intangible Assets 8

Intangible Assets Intellectual Capital Corporate Accountability Activity Based Costing 8

Harvard Business Review

JUNE 8, 2012

Subprime mortgage losses turned out to be much smaller than expected —$300 billion, according to the Federal Crisis Inquiry Commission—and non-bank lenders suffered most of those losses (notwithstanding mark-to-market losses from credit downgrades). Angry voters conflate the risk of loan losses with the risk of withdrawals.

Real Estate 9

Real Estate Short-term Banking Crisis 9

Harvard Business Review

DECEMBER 15, 2017

Already a large domestic market, Frontier Strategy Group’s estimates suggest the country will average growth rates between 7.4% However, India remains a difficult market for multinational firms to enter. India is a large, fragmented, and heterogeneous market. over the next three years.

Strategy 8

Strategy Operations Policies Environment 8

Harvard Business Review

APRIL 10, 2012

After more than a century trying to prove the opposite, economic theorists investigating the matter finally concluded in the 1970s that there is no reason to believe markets are led, as if by an invisible hand, to an optimal equilibrium — or any equilibrium at all. An engineering analogy may help.

Crisis 18

Crisis Decentralization Marketing Engineering 18

Leading Blog

APRIL 5, 2019

After graduating from the University of Oxford with a physics degree, he went into securities trading, first at Yamaichi International and then at the Bank of America. Probabilistic risk managers will think about the future of how they work. That inspired Benham to leave his day job and focus on gambling.

Uncertainty 308

Uncertainty Sports Credit Rating Learning-by-Doing 308

Harvard Business Review

JULY 17, 2017

How will the crisis of problematic loans in Italian banks be resolved? Finance is different from other fields in two ways: Financial markets provide near immediate and easily quantified feedback, and the consequences of decisions can be inflated by leverage. Should a subscriber of Snap.com be valued the same as a Facebook user?

Finance 8

Finance Insurance Career Reputation 8

Strategy Driven

OCTOBER 25, 2013

Prevention of leaks in customer information and losses in company market position. Protection of status and utilization of organizational working knowledge, management’s activities and relationships with regulators. Crises can have many liabilities upon companies, including loss of profits and market share.

Crisis Management 79

Crisis Management Crisis Risk Management Budgeting 79

Harvard Business Review

FEBRUARY 8, 2016

Managers noted historical trends and revised processes, and engineers developed code that was then baked into computing systems. Every update or response to the market required multiple steps; it cost time and performance. Sometimes, by the time changes were in place, the market had already moved. times more likely to convert.

Process 8

Process Company Market Segmentation Early Adopters 8

Harvard Business Review

FEBRUARY 3, 2014

Instead, the regulatory filing simply listed, in summary fashion, “factors” supporting the raise, without any analysis elsewhere: JPM’s long-term performance; gains in market share and customer satisfaction; resolution of regulatory issues; improved control structures and processes; and leadership improvements.

Banking 8

Banking Fashion CEO Short-term 8

Harvard Business Review

AUGUST 23, 2012

So why did one of the planet's biggest investment banks — and its 33,300 employees — hold out so long? Employees, particularly those in the sales and marketing functions, need to know the rules of the road," Langford says. In the fast-evolving world of enterprise social media, that's a solution even Goldman can bank on.

Compliance 15

Compliance Media Compliance Officer Policies 15

Harvard Business Review

OCTOBER 12, 2016

Many other industries — from automobiles to consumer electronics to banking to wine — are also substantially affected by “judgment devices” like the Michelin star. But what is often underappreciated is that judgment devices don’t just describe the market, they shape the market.

Film 8

Film Company Review Quality 8

Harvard Business Review

JUNE 13, 2012

It's easy to assume that Jamie Dimon, the accomplished CEO of JPMorgan Chase, was simply stonewalling when he claimed that mounting trading losses in his bank were "blown out of proportion" — that he was unaware of how grave the situation really was. housing market could collapse and trigger a global financial crisis.

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

JULY 16, 2013

The industry with the greatest skills gap was IT & telecommunications, whose boards are in serious need of international-global expertise and HR-talent management. The region with the greatest board-level skills gap is Asia, where risk management and M&A adeptness are sorely needed.

Telecommunications 8

Telecommunications Biotechnology Health Care Real Estate 8

Harvard Business Review

OCTOBER 22, 2013

Businesses, families, and individuals are ruined in shocking fashion—“150-year-old bank and pillar of Wall Street is gone in the blink of an eye”; “Major oil company loses $90 billion in market value in three months”; “Kite surfer tries his luck in a hurricane and slams into a building.” Risk management Strategy'

COO 8

COO Short-term CFO Pharmaceuticals 8

Harvard Business Review

MAY 1, 2012

The mispriced investments and derivatives at Enron look similar to mortgage-backed securities at banks or companies with a disproportionate amount of Level 3 fair-value assets (illiquid assets with highly subjective estimated values). Are these deals true risk transfers or are they cosmetic? The market must value transparency.

Chief Financial Officer 11

Chief Financial Officer Finance Banking Class 11

Harvard Business Review

DECEMBER 4, 2017

And that’s not just social media accounts; it’s bank accounts, retailer gift card accounts with cash and credit cards attached, airline loyalty accounts with years of accumulated frequent flyer points, and other accounts with real value. Over three billion credentials were reported stolen last year.

ROI 9

ROI Long-term Banking System 9