4 ms·
This is a good thing, no? More turnover among sr folks leads to a greater focus on (1) institutional risk management, because you can’t trust the new guys view
by curiousllama 4y ago
This is a good thing, no?
More turnover among sr folks leads to a greater focus on (1) institutional risk management, because you can’t trust the new guys view things the same as the old, and (2) consistent reevaluation of previous assumptions, because the guy who made them is gone.
I’d argue the long tenure of sr bank employees is a weakness of the current system, not a strength.
- JumpCrisscross 4y agoI’d want to see research. Hollowing out cultures is rarely the solution to a complex problem. Trivially, such a rule would be worked around by trading staff back and forth between adjacent firms. Then you’d have minimum-stay and arms-length regulations, at which point we might just see the contracting trend hit Wall Street.