Retired Member
Are Credit Default Swaps the enemy? There are moves afoot to restrict the purchasing of CDSs to those organisations which own debt issued by the underlying issuing corporation. This is an interesting concept and raises some issues that would need to be answered. Firstly, how do you prove you own the debt? And what if you owned at the time of the
13 February 2009 /regulation
Gert Raeves Research Director at Adox Research Limited
The latest twists in the Paul Moore story (fascinating memo in full on FT site) are extraordinary - and reinforces that risk management is central to one of the Great Credit Crunch Conundrums. What were all the risk managers doing while all around them the Romans were piling up the firewood? The recent KPMG survey highlights that they spent most o...
12 February 2009 /regulation /wholesale Data Management 101
Robert Siciliano Security Analyst at Safr.me
Robert Siciliano 2/12/2 Millennials, the next generation of technology savvy workers are coming to a cubicle near you. They are a generation of technogeeks that dont know they are techno or geeks. I had a rattle. They had a PS2. This generation knows enough to fix it and enough to break it. They are the best thing and the worst thing to happen to
12 February 2009 /security /regulation
On February 11, 2009 the Treasury Select Committee interviewed five senior practitioners of the banking industry. This followed on after several days of interviews with similar figures from other banks, all active in the UK. The evidence was interesting as it highlighted how little science there is in the ways risks and exposures are managed. Compl...
12 February 2009 /regulation
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
IBM has released its latest X Force Internet Security and Trends report. See here : http://www-935.ibm.com/services/us/iss/xforce/trendreports/xforce-2008-annual-report.pdf These kind of reports have attained added significance in the downturn. Surely, there are now more willing victims and potential criminals. For the past month, I have been get...
11 February 2009 /security /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
The FT helpfully printed the full Paul Moore memo in today's paper here. To be honest his claim that he was replaced by a manager, at the approval of the CEO, with no previous risk management experience does not in the least bit surprise me. In my experience for every hard working, dilligent and compenent risk manager working inside banks over the...
11 February 2009 /regulation
Paul Penrose Head of Research at Finextra
Goldman chief Lloyd Blankfein won a lot of column inches for an article in the FT this week when he called on the industry to raise the status of the risk manager from obstructive killjoy to guiding light. "Risk and control functions need to be completely independent from the business units. And clarity as to whom risk and control managers re...
11 February 2009 /regulation /wholesale
Robert Siciliano Identity Theft Speaker 2/9/09 Number of fraud victims rises in 2008, but average loss per theft falls, according to a recent study. Article Here It should come as no surprise that identity theft incidents are climbing. Over the past year we have seen hundreds of data breaches resulting in millions and millions of records ripped
10 February 2009 /security /regulation
Richard Barr Principal Associate at Citadel Advantage Ltd.
What? Shouldn't the association with a major failure in the financial markets be enough to disqualify Xavier Rolet as the cheif of the world's leading exchanges? I could be mistaken but I don't think that failure should be rewarded. Any key executive of a failed investment firm should not be in a position that has sway over such a large component ...
09 February 2009 /regulation
Identity Theft Speaker Robert Siciliano on CNN 2/5/9 “Facebook Scams” Robert Siciliano Identity Theft Protection Expert www.IDTheftSecurity.com on CNN today discussing phising scams, social networks and Facebook Video here
05 February 2009 /security /regulation
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