Butterfield Bank chief executive officer Brad Kopp says the bank has bolstered its risk management structure to try to ensure there can be no repeat of the investment meltdown that brought the bank close to failure.

In an interview appearing in a special two-page feature on Butterfield's three years of turmoil in today's Business section, Mr. Kopp explains how the bank has bolstered its procedures and personnel to steer clear of investment risks.

The feature also looks at the case of shareholders like Ernest DeCouto, former Speaker of the House of Assembly, who has seen his Butterfield shareholding shrink in value by millions of dollars.

Former Butterfield insiders also comment on the investments in mortgage-backed securities, which got the bank into trouble, and the bailing out of the Butterfield Money Market Fund, which also cost the bank tens of millions of dollars.

l See Business, pages 20 and 21