Lots of Anger at Banks About the Failure of Risk Management: Nick Dunbar

The transcript discusses concerns about banks holding financial risks, particularly focusing on risk management failures and industry challenges. It highlights the tension between profit-making and risk reduction, using an elephant analogy to describe how banks misjudge risk factors. The discussion also covers regulatory and management issues, emphasizing the need for better organization and management changes to ensure proper risk management in the future.

What concerns are raised regarding banks holding significant risks?

How do the employees at banks feel about the current situation?

What is the tension mentioned in relation to profit-making and risk management?

What failures are identified in the risk models used by banks?

What changes are anticipated in the management of banks following the recent events?