I'm curious, in what ways do you feel the culture has changed in your organization? Are there concrete changes to investment strategy/policy? Or a more general zeitgeist-type shift and people at the company have come to the general conclusion that some risks are too severe to take no matter the possible reward? Both/Else?
For starters, they've cut back on proprietary trading considerably. Before we had quite a few prop traders who would invest the bank's funds in equities and I believe only five of them remain. So the bank as a whole is less willing to risk its own funds through traders and prefers to make its money facilitating access to various markets or offering retail trading services.
Management has shifted their focus and puts a lot more emphasis put on generating small and steady profits as opposed to massive bonuses for large profits.
But to be bluntly honest I feel like all it will take is some time to pass and the next boom cycle to come and the same gunslinger-types will regain the management reigns with the same old outcome.
Edit: Just want to add I don't have any particular idea how to solve this type of problem, so I'm not trying to condemn you or those in your profession.
