May 9, 2008 9:58AM

Pandit Says Financial Turmoil Forces Risk To Be Rethought

By Donna Fuscaldo

With the credit market crisis creating A LOT of turmoil in the financial services industry, Pandit took time to discuss risk with analysts and investors. According to Pandit the financial market is shifting away from just-in-time liquidity and capital, which means the future model for Citi and other financial services companies will be to have more capital and larger balance sheets beyond what was required in the past. That, says Pandit, is another reason Citi’s large size is an advantage. He says risk has to be rethought but also is an opportunity for Citi. Underscoring the changing capital requirements for companies like Citigroup, Citi has raised some $40 billion since  November. Citi’s chief of risk Brian Leach talking now……