LexisNexis® Legal Newsroom
JP Morgan and Risk: Mission Creep, Mission Expansion, Mission Explosion

In an article in today's Financial Times (FT), entitled " JP Morgan shows the futility of fighting complexity ", Sallie Frawcheck posited that the JP Morgan trading loss demonstrated that regulators are fighting the wrong battle regarding risk. She believes that the main reason for the...

This is not a compliance failure. It's an ethical failure

In the movie " Margin Call " the character played by Jeremy Irons says that there are three ways to lead in business: (1) Be the smartest; (2) Be there first; (3) Cheat. I thought about this trichotomy when reading several articles about the fine of $450 MM agreed to by the British bank Barclays...

CEO Hubris and Compliance Catastrophes

What is the common denominator of every corporate catastrophe that you have heard about? Reporter Lucy Kellaway, in a Financial Times (FT) article entitled " Road test CEO's to avoid corporate car crashes ", says that it is the "hubristic CEO". I thought about that line as I sat...

Dracula, Greg Smith and Goldman Sachs

I always enjoy the month of October leading up to Halloween. It is not because I particularly enjoy Halloween, dressing up in costume or even Trick or Treating; no I absolutely love the classic horror films from the 1930s and 1940s. As there is not yet a Classic Horror cable channel, the month of October...