article thumbnail

SEC Risk Factors Disclosure Analysis

Harvard Corporate Governance

Opportunities remain to better align external risk reporting with internal risk management and reporting processes, improve the readability and categorization of risks, and make disclosures less generic.

article thumbnail

The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.).

Banking 94
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Examining High Concentration Among Derivatives Intermediaries

Reynolds Holding

Cleared Derivatives Clearing refers to a quasi-legal technology that addresses counterparty credit risk through use of a central counterparty, i.e., a clearinghouse. Swap dealers are critical intermediaries for the OTC market, filling in for exchanges and, with respect to uncleared swaps, clearinghouses. based business.

Banking 64
article thumbnail

Growth Equity: The Child Prodigy of Private Equity and Venture Capital, or an Artifact of Easy Money?

Brian DeChesare

The main factors were: The Rise of Tech and Software – Since so many growth equity deals involve technology, the sector’s rise over the past 10 – 20 years also drove a lot of growth equity investing. The main risk factor in deals is executing the growth plan, not default risk due to debt (PE) or product/market risk (VC).

Equity 95
article thumbnail

The Fundamentals of Financial Risk Management Explained

Audit Board

Financial risk is the likelihood that the organization will lose money on a business investment or other decision, including loss of capital. Below are six types of risks that fall into the financial sphere, including operational risk, credit risk, market risk, liquidity risk, legal risk, and foreign exchange risk.

article thumbnail

Davis Polk Discusses Key Takeaways for Banks of Basel Climate Report

Reynolds Holding

The Basel Principles 1 align closely with the climate-related risk management principles proposed by the Office of the Comptroller of the Currency (the “OCC Proposal”) 2 and the Federal Deposit Insurance Company (the “FDIC Proposal”). 6 The Basel Principles also state that “smaller banks.

Banking 45
article thumbnail

SEC Issues Strategic Plan for Fiscal Years 2022-2026

Reynolds Holding

By contrast, outside the United States, nearly 80 percent of lending to such firms comes from banks. capital markets continue to support American competitiveness on the world stage because of the strong investor protections the SEC offers. The United States cannot take its remarkable capital markets for granted.