Michael Milken says recent crisis is the same mistake banks have been making for decades

Famed investor Michael Milken said Tuesday that the current banking crisis stemmed from a classic asset-liability mismatch that has played out miserably time and again in history. “You shouldn’t have borrowed short and lent long… Finance 101,” Milken said on Read More …

Establishing an operational risk framework in banking

Banks continue to evolve and enhance their Comprehensive Capital Analysis and Review (CCAR) operational risk loss estimation process. Now they have a renewed focus on the qualitative aspects of estimation, as well as the leverage of and integration with their Read More …