Risk controls
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Pritchard signals FCA support for “responsible and managed” risk-taking
Senior executive says missing out on opportunities can have a greater cost in the long term than taking responsible and managed risks.
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Relaxing bank leverage rules carries real risk, BoE warns
Banking lobby groups in the US and the UK have been calling for relaxation of rules around bank leverage. But the UK’s top banking regulator says current circumstances are too volatile for any risky change.
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Morgan Stanley’s due diligence of wealth-management clients under scrutiny
FINRA is seeking information on international and US clients, plus the unit that includes its trading desks, sources said.