Giant investment bank Morgan Stanley is reviewing the role of chief risk
officer Tom Daula following the credit crunch.
The FT reports that many executives feel Daula rang the warning bell
about the dangers facing the bank too late. It is also said that his language
was too technical to drive home the urgency of the sub-prime risk.
CFO Colm Kelleher is believed to be in line to take control of risk
management and could have all the lines for risk management report to him if
Morgan Stanley does opt to reform risk management.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements