Global regulators are set to sharpen their scrutiny of hedge funds, clearing houses and pension assets this year after a run of crises has shifted watchdogs’ focus towards risks outside the banking system. The disparate group, loosely defined as “non-bank financial institutions” by regulators, has been thrust into the spotlight after a series of market ructions over the past two years. “It’s different now,” Andrew Bailey, governor of the Bank of England, told reporters in mid-December as he...

On the day that Lehman Brothers filed for bankruptcy in September 2008, the front page of the Financial Times carried a photograph of John Thain, the then chief executive of Merrill Lynch. He was getting into his car after hours of talks at the Federal Reserve Bank of New York, and looked like a man who had stared into the abyss. In the following days more pictures would emerge of bankers leaving crisis meetings with policymakers, their ashen faces a portent of the horror to come. As...

Gregg Lemkau, co-head of investment banking at Goldman Sachs, wants some of his top people to take a good, long break. Specifically, those investment bankers who are about to become fathers. One of the most senior executives at the Wall Street bank, Mr Lemkau is among a growing band of male leaders on Wall Street to step forward as “allies”. The move is part of the banking industry’s strategy to improve gender representation across the sector, particularly in the upper echelons. That is why...

As the first woman to lead a top investment bank in the City of London and a mother of three, Morgan Stanley’s Clare Woodman could easily paint herself as the kind of high-flying superwoman who proves girls can grow up to have it all. Instead, she is candid about challenges faced, decisions made, and strokes of good fortune that allowed her to progress in the male-dominated world of Wall Street banks and the City. Role models Now Morgan Stanley’s chief executive of Europe, the Middle East and...

Exclusives It has been one incredible week for one Nigerian lady at the urban investment unit, UIG at Goldman Sachs, the global banking institution where she has just been made a partner. Margaret Chinwe Anadu, is head of Goldman’s urban investment group and days ago, she was called by new CEO David Solomon telling her she… Blockchain technology is a decentralized digital ledger that keeps immutable records of transactions. It maintains a network of computers working...