Tag: financial crisis
Special report: Future-proofing financial services
From compliance to new technology and broader stakeholder engagement, financial services firms today must be fighting fit in order to thrive. Enter the effective board, which must govern like never before. In this special report, we outline six key areas of knowledge and insight to equip boards for the unprecedented challenges ahead.
Board moves at RBS; BP; and Safestyle
RBS CFO quits prior to its AGM; BP’s outgoing chairman to head up influential European business group; and Safestyle’s chairman quits after one month in the role.
Why it is time to take stock of governance in banking
In the decade since the collapse of Lehman Brothers triggered the global financial crisis, governance and leadership roles in banking have been transformed for the better. But is it now time for banks to assess progress, and question whether it is necessary to reduce the regulatory burden and the increasingly one-size-fits-all approach taken by supervisory bodies?
M&A post-crisis: the changing role of the NED
As M&A deal activity recovers from post-crisis lows, non-executives are becoming increasingly involved in the pre-deal planning process.
European banking authorities urge greater diversity among managers
European financial institutions should improve the diversity of their management bodies to overcome the risk of ‘group think’ and ensure sound governance, say European banking authorities in new guidelines published this week.
Audit firm KPMG cleared over HBOS audit after 2007 financial crisis
Investigation into audit of HBOS by Big Four audit firm KPMG is closed after regulator finds KPMG’s work “did not fall significantly short” of expected standards.
Improve executive behaviour with better board education
Everyone wants executive behaviour to improve. But the solution cannot just be to increase regulation—the answer lies in better managerial education and audacious corporate governance reform.
Integration is the key
Despite the lessons of the financial crisis many companies still fail to impose effective risk management, according to the International Federation of Accountants.