Financial Regulatory Forum

Goldman standards review reflects new compliance landscape

By Guest Contributor
May 30, 2013

By Nick Paraskeva, for Compliance Complete

NEW YORK, May 29 (Thomson Reuters Accelus) - Goldman Sachs’ report on new business ethics and practices voiced lofty ambitions that are both frequently aired and difficult to implement. But it also articulated higher standards on issues such as reputational risk, suitability and conflicts of interests, which are increasingly demanded by customers, regulators and investors.

Goldman Sachs’ soul search – sincere or strategy?

April 29, 2010

   By Steve Eder and Rachelle Younglai
   NEW YORK/WASHINGTON, April 28 (Reuters) – Contrary to popular belief, Goldman Sachs Group Inc <GS.N> has a soul – and it is even spending time searching it.
   In the closing hours of Goldman’s marathon showdown with a Senate panel in Washington on Tuesday, Chief Executive Lloyd Blankfein shared that the Wall Street giant is in the midst of an internal cleansing in which a top executive is leading a business practices committee and “going over everything.” (more…)

Goldman CEO attacks SEC fraud charges – FT

April 22, 2010

    NEW YORK, April 21 (Reuters) – Goldman Sachs Group Inc <GS.N> Chief Executive Lloyd Blankfein attacked U.S. Securities and Exchange Commission fraud charges against the bank in phone calls to clients, the Financial Times said on Wednesday. (more…)

BREAKINGVIEWS – Goldman bonus delay raises puzzling questions

By Reuters Staff
January 19, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

FACTBOX-Witnesses for U.S. financial crisis hearings

By Reuters Staff
January 11, 2010

WASHINGTON, Jan 11 (Reuters) – The Financial Crisis Inquiry Commission, a 10-member panel formed by the U.S. Congress to examine the causes of the financial meltdown, will hold its first public hearings on Wednesday and Thursday this week. Here is a list of the witnesses scheduled to appear.

Goldman boss says anger over pay justified, warns of rules overkill

By Reuters Staff
September 9, 2009

Combination photograph of Wall Street bank executives testifying before House Financial Services Committee on Capitol Hill in Washington, February 11, 2009.  Top row (L-R), are: Bank of New York's Robert Kelly, JPMorgan Chase's Jamie Dimon, Goldman Sachs' Lloyd Blankfein and Wells Fargo's John Stumpf. Bottom row (L-R), are: CitiGroup's Vikram Pandit, Morgan Stanley's John Mack, Bank of America's Ken Lewis and State Street's Ronald Logue.  By Edward Taylor

FRANKFURT, Sept 9 (Reuters) – The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers’ pay was “understandable and appropriate”, and that greater scrutiny of trade in complex instruments was needed to keep banks in check.   But with the banking sector bouncing back from the financial crisis, regulatory overkill could choke off economic growth, Lloyd Blankfein told an industry conference in Germany’s financial hub.