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Archive for: April, 2008

Elton Cane - Independent - Brisbane | 15/04/2008 | 1591 views | 1 comment

New Scientist reported yesterday on research from the University of Cambridge that suggests the movements of money in the financial markets are correlated to stock traders' levels of two hormones: the steroids testosterone and cortisol.Examining the cause vs. effect dilemma they found that traders who started their days with elevated testoster... Tags: Dealing rooms, Wholesale banking

Elton Cane - Independent - Brisbane | 09/04/2008 | 3618 views | 1 comment

Investment bank bonus structures are an operational risk

This is one of the interesting topics that came up for debate at a risk event I attended yesterday organised by the CASS Business School in London and the Capco Institute.The recent sub-prime and liquidity crisis has prompted many commentators to look at the role of investment banking remuneration and management structures in building what Fortune ... Tags: Dealing rooms, Wholesale bankingGroup: Trends in Financial Services

Elton Cane - Independent - Brisbane | 02/04/2008 | 2792 views | 1 comment

Software scapegoats for the sub-prime situation

Fair Isaac is the technology company most damaged by the subprime crisis. In fact some banks, such as HSBC Finance, have said its ubiquitous FICO credit scoring system contributed to the problem by being "ineffective" in predicting behaviour during a period of aggressive lending and low interest rates. I don't know the FICO system w Tags: Risk & regulation, Retail bankingGroup: Finextra50 fintech index

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