Goldman tackles climate risk controls

Lender joins other banks in translating physical and transition threats into controls framework

Goldman Sachs is working to hardwire controls into its risk management framework to help it guard against the risk of loss from climate change, a process it expects to complete by the end of this year.

“It’s one of our top risk priorities, not just [for] Goldman, but for the industry,” says David Wildermuth, deputy chief risk officer at Goldman Sachs. “We spend a lot of time talking to our peers, and people are approaching it from the same perspective—but, obviously, there are a lot of nuances

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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