Banks Slow To Reduce Risky Behavior: Report

Law360, New York (October 22, 2009, 5:56 PM EDT) -- After identifying the risk management weaknesses of major financial services firms last year, a group of global economics supervisory agencies have chided the industry for not doing enough to fix deficiencies that at least in part contributed to the financial crisis from which the global economy is still trying to emerge.

In a report titled “Risk Management Lessons from the Global Banking Crisis of 2008,” the Senior Supervisors Group, comprising financial supervisors from nine agencies in the U.S., Canada, France, Germany, Japan, Switzerland and the U.K.,...
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