Lloyd Blankfein, Goldman Sachs’ chief executive, has called for banks to adopt more stringent accounting practices, accept tougher regulation and give more power to risk managers. Writing in Monday’s FT – two days before he and other Wall Street leaders are due to testify before a Congressional committee -Blankfein outlines seven areas of misdemeanour including valuation of assets and the “outsourcing of risk management” to ratings agencies. See Blankfein’s article here.

This entry was posted by Gwen Robinson on Monday, February 9th, 2009 at 5:41 and is filed under Capital markets, People. Tagged with goldman sachs, lloyd blankfein. Edit this entry.