Maverick traders are out and Steady Eddie types are in as risk managers place tougher risk limits and capital requirements on equities businesses. The traders that will make it in this new environment must be focused on the how of making money, not just the how much.

Improvements in risk systems mean that traders can be aware of their positions at all times of the day and should be prepared to discuss them with business and risk managers, who also have a clear view of what they are up to.