4444 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
The Sony Corporation has been providing consumers with stellar electronics since before the introduction of the Walkman. The past six months have been harsher for Sony, with attacks by hacktivists and numerous breaches of clients’ data. Many recent breaches involved usernames, passwords, email addresses, and in some cases, credit card numbers. Each...
17 August 2011 /security /regulation
Retired Member
This latest data security breach at Citi epitomises the many ways in which data can go astray. In a recently publicised case, data was stolen from Citi by external hackers. The culprits in this most recent Citi data loss are believed to be “insiders” who had privileged access to the bank’s systems. If any lesson is to be learnt from this incident...
10 August 2011 /security /regulation
Oven mittens, anyone? Investors dropped stocks like hot potatoes around the world on Monday, the first day of trading since Standard & Poor’s historic downgrade of U.S. debt. And if you’re going to lend oven mitts, make sure the borrowers have a solid reputation. In Asian stock markets, trading finished down again on Tuesday, while European st...
09 August 2011 /regulation
Future Strategic Considerations Strategic considerations at the forefront of the financial modeling industry in the next decade include: 1. Web 2.0 2. A dedicated marketplace 3. Better modeling processes 4. Stop screaming. Start listening 5. Cognitive surplus – Friend, not foe 6. People culture 1. Web 2.0 The future strategy of the financia...
09 August 2011 /regulation Financial Supply Chain
Why Web 2.0 will find Financial Modeling next A recent piece in the National Journal by Tankersley and Hirsh, “Neo-Voodoo Economics”, encouraging American’s to think more boldly about new growth and markets, rather than simplistic rethreads, prompted me to think about a few new opportunities in this space. A plethora of industries have been radi...
09 August 2011 /regulation Innovation in Financial Services
Within the US$1+ trillion global professional services industry, the finance sector has recently looked susceptible to a growing chorus of start-ups looking to strategically rethink finance’s core business models and value propositions. Internet entrepreneurs over the past few years have embarked on a journey to challenge financial services g...
09 August 2011 /regulation /retail Innovation in Financial Services
A curious client recently asked – “Couldn’t financial modeling risk be diminished by introducing a Quality Assurance Review Panel (“QARP”)?” It was a simple, pragmatic question that left me momentarily perplexed. I then enthusiastically responded “I’ll look into it – it could have legs”. And so I researched further. A threshold question is the pr...
09 August 2011 /regulation /retail Internal Auditors in Financial Services
A recent list of the World's Top Tools for Learning is a stark reminder of how rapidly the educational ecosystem has moved beyond the traditional classroom. Most young professionals seem to have readily embraced the ability to learn quickly and interactively, formally and informally, in a real-time environment that was utterly unimaginable only a ...
09 August 2011 /regulation Finance 2.0
You’ve probably heard the phrase “a fox watching the henhouse.” Today, that applies to people on the inside of organizations who work in trusted positions, and who use those positions to steal client or employee information for their own personal gain. As much as 70% of all identity theft is committed by individuals with inside access to organizati...
09 August 2011 /security /regulation
I hear that some dealers are suggesting that they will not become members of CCPs which are not deemed to be robust. This brings some interesting questions to the table. A good start is that dealers have long traded OTC derivatives with non-robust counterparties so why are they concerned now? They took in good collateral, good margin and risk cove...
08 August 2011 /regulation /wholesale
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.