Challenge local practise

Author: | Published: 10 Feb 2011

An investment bank director has warned not to accept that local practise is automatically the right approach.

Speaking at the American Securitisation Forum this week, Citibank's Michael Morcom said to never accept the "this is how it’s done in the local market" excuse at face value. While acknowledging that the axiom is often valid, he said an explanation should always be requested.

Once when presented with a...