Nischinta Amarnath

Citi and Its Scuffle with the Watchdogs: on Citigroup's Battle with Us Regulators As Its Legacy Continues Nischinta Amarnath

This book is a satirical long-form narrative that seeks to examine the effectiveness of Citigroup's post-recession management players in ramping up the bank's risk management efforts and convincing skeptical federal financial regulators about the strength of its risk machinery at a time when scaling its growth in high-potential emerging markets is of crucial importance to the bank. The story also raises concerns over the efficiency of regulatory approaches to a financial system that is rife with structural changes, which have transformed the world's biggest banks in the post-recession era. The report is based on about 50 detailed interviews, discussions and interactions as well as a study of the bank's financial documents and analyses of court transcripts, testimonies, federal documents, statements and reports from the financial press.