Insights
Insights
Practical views on the decisions facing financial services boards and executive teams.
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Why cost programs unwind by year three
The savings are usually real. The problem is that the work was removed without the demand for it being removed.
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Risk appetite statements that actually constrain
Most describe the risk a firm is already taking. Very few would stop a decision the executive wanted to make.
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What supervision actually changes
Regulatory attention reliably produces reporting. Whether it produces different behaviour depends on things that are decided early.