Grounding Butterflies so change can take place
- August 31, 2022
- Posted by: Asande Mahlaba
- Categories: News, Opinion Pieces
No CommentsGordon Gecko said “greed is good” in the movie Wall Street. I say change is good. It has influenced my professional journey and has had an enriching effect on my career. Now, as a coach and capacity builder,in the words of an African proverb, I am “lighting other candles”.
The Archegos saga demonstrates once again that banks’ and financial institutions’ quest for huge returns trumps prudent risk management OP/2022/01
- January 23, 2022
- Posted by: Asande Mahlaba
- Categories: News, Opinion Pieces
Is it a question of shortness of memory on the part of financial institutions, or is it just a matter of the prospect of huge returns making risky investment decisions worthwhile? Whatever the motivation, the Archegos implosion has prompted regulators in the US, UK, Switzerland and Japan to investigate the risk controls of eight major banks including Credit Suisse, Nomura, Morgan Stanley, UBS, MUFG and Mizuho, who collectively suffered losses in excess of US$10 billion.
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