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The Moorad Choudhry Anthology, + Website
book

The Moorad Choudhry Anthology, + Website

by Moorad Choudhry
July 2018
Intermediate to advanced content levelIntermediate to advanced
1328 pages
36h
English
Wiley
Content preview from The Moorad Choudhry Anthology, + Website

CHAPTER 15Regulatory Reporting and Principles of Policy Documentation

I had the good fortune to have grown up under several outstanding leaders who had given me a lot of hands‐on experience with people and technically complex missions. I didn't have innate talent, so I surrounded myself with smart people and relied on them to work with me as a team to get the job done. My credo: always hire people who are smarter and better than you are, and learn with them.

—Gene Kranz, Failure Is Not an Option: Mission Control from Mercury to Apollo 13 and Beyond, New York, NY: Berkley Books, 2000

This chapter, which is also the last in Part III, may at first glance give the impression of being something of an “odds and ends” piece or even worse, no more than a filler, but in reality from a perpetual viability standpoint it's as important as any of the chapters preceding it. Regulatory reporting is a vital fact of life for a bank and one would expect it to continue to be so for the foreseeable future, thus justifying the presence of this chapter in the “future” part of the book's sub‐title. As for policy documentation, that subject may elicit a yawn from many readers but since just about every relationship with all stakeholders including the regulator, the central bank daily monetary operation, rating agencies, customers, employees, and investors revolves around and is governed by formal policy statements, then it is apparent that there is a need to implement and adhere to best‐practice ...

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Publisher Resources

ISBN: 9781118779736Purchase book