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As MF Global's chief operating officer, he oversaw the firm's back office, raising questions about whether he should have taken a more active role in curbing risk at the firm.
Officials have found, for example, that risk managers at several of the biggest banks still report to executives who have influence over their year-end bonuses and whose own pay might be constricted by curbing risk.
"The combination of concerns that the United States could be heading toward a recession and the global stock sell-off is curbing risk appetite and is sending investors to the safe-haven yen," Takuya Takahashi, senior strategist at Daiwa Securities, told Kyodo News.
In letters to the banks documenting the review's preliminary findings sent last spring, Fed examiners found that risk managers at several of the biggest banks still reported to executives who had influence over their year-end bonuses and whose own pay might be constricted by curbing risk.
Millions of cases of Alzheimer's disease worldwide could be prevented by curbing risk factors such as high blood pressure, smoking, obesity and lack of exercise, new research suggests.
In any of these approaches, prosecuting officials could consult with local public health officials to determine whether a public health intervention, rather than criminal prosecution, would be more beneficial in curbing risk behaviors.
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For instance, in curbing risk-taking by banks, we cut off a source of profits.
It advocates further, more radical reforms, including separating retail from investment banking, stimulating competition, improving corporate governance and crisis management, reducing complexity and curbing risk-inducing pay deals.
Adopting strong board and management oversight, for instance, will help curb risk and greed to the point where a company can absorb its own losses without coming to taxpayers, hat in hand, again.
DealBook Red Flags Over China Real Estate | China is taking steps to curb risk in its real estate sector, with regulators pledging to increase oversight amid international fears of a property bubble.
To curb risk, the Larsons also diversified: Among other things, they now make fleece clothing and distribute shoe polish.
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