From Fortune: How risky is Goldman Sachs? Don't ask. Executives won't tell
you. On a conference call with analysts on Tuesday to announce first-quarter
earnings, which beat expectations but still somehow disappointed, Goldman's CFO
Harvey Schwartz was asked about a key measure that tracks how many potential
risky securities or loans the bank has. Had it risen or dropped? Schwartz's
response: We aren't saying.
Goldman doesn't have to. Dodd-Frank, the banking reform law
passed in the wake of the financial crisis, doesn't require Goldman and other
big banks to begin using the measure Schwartz was asked about for another few
years. Nonetheless, nearly all the big banks began regularly disclosing the new
figure of so-called risk-weighted assets, known as Basel 3, last year. Goldman is the only
holdout….
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