Citi and its Scuffle with the Watchdogs. On Citigroup's battle with US regulators as its legacy continues

      Аннотация: This book is a satirical long-form narrative that seeks to examine the effectiveness of Citigroup's post-recession management players in ramping up the bank's risk management efforts and convincing skeptical federal financial regulators about the strength of its risk machinery at a time when scaling its growth in high-potential emerging markets is of crucial importance to the bank. The story also raises concerns over the efficiency of regulatory approaches to a financial system that is rife with structural changes, which have transformed the world's biggest banks in the post-recession era. The report is based on about 50 detailed interviews, discussions and interactions as well as a study of the bank's financial documents and analyses of court transcripts, testimonies, federal documents, statements and reports from the financial press.

Ключевые слова: Financial Crisis, securitization, mortgages, Great Recession, Collateralized Debt Obligations, Risk Management, Financial Crisis, securitization, mortgages, capital adequacy, Great Recession, Federal Reserve, CDOs, Bank of America, Collateralized Debt Obligations, Citigroup, stress tests, financial regulators