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Latest /regulation expert opinions

Roy McPherson

Roy McPherson 

Shocking statistics

Roy McPherson - London 07 January 2009 - 11:01 Is it only me or do the statistics of this survey shock you too? This article states that 85% of respondents say they have reviewed, or are in the process of reviewing, their risk procedures. Yet only 42% of respondents have a plan to make fundamental changes to their risk processes. Does this mean th...

/regulation

Iosif Itkin

Iosif Itkin CEO at Exactpro

Hedge fund spending - SOR vs. RMS

To be honest, I remain skeptical about the necessity to invest heavily into Risk Management technology. It seems to me that the issue is not in software or hardware but in general assumptions and practices. Let’s take pricing and valuation - server farms with thousands of servers running Monte-Carlo and stress tests for structured products did not...

/regulation MiFID

Ainsley Ward

Ainsley Ward Vice President, Payments Solutions at CGI

Post-apocalyptic new capitalism - from a Xmas conversation

Strange things happen once the mince pies start to settle, just after you've finished seething at the Queen's speech and set the kids up with the latest Disney. This year a cousin and I began to debate what we'd change following last year's global bust - and in doing so we defined our vision of Post-apocalyptic new capitalism – which I'd like to s...

/regulation Whatever...

Stanley Epstein

Stanley Epstein Associate at Citadel Advantage Group

The financial crisis and operational risk management

As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. There has been a lot of hand-wringing and pronouncements about credit risk, liquidity problems, lack of trust and the like. However to my mind these are all smoke. And this smoke conceals the fundamenta...

/regulation Innovation in Financial Services

Iosif Itkin

Iosif Itkin CEO at Exactpro

Crisis exposes banks' weaknesses towards ERM vendors

Comparing Ernst & Young figures against PRMIA Global Risk Survey results (http://www.prmia.org/globaleventseries/news/20080618.html) Ernst & Young Enterprise-wide risk-reporting process is in place 9% - nearly completed 67% - midway 24% - early stages PRMIA Benchmarks the Role of Enterprise Risk Management in Current and Future Business Pro...

/regulation

Paul Penrose

Paul Penrose Head of Research at Finextra

If it looks too good to be true, it probably is

Henry Blodget, the former star techstock analyst who knows a thing or two about investment fraud, posts an interesting insight to the Madoff affair on his Clusterstock blog. "Specifically, we're hearing that the smart money KNEW Bernie had to be cheating, because the returns he was generating were impossibly good. Many Wall Streeters suspect...

/regulation

Retired Member

Retired Member 

Gold. Now.

The status of gold changed yesterday December 16th when the Fed slashed rates to zero or near zero. Gold lost the remaining of its commodity status for a full investment status. Can gold evolve back to its monetary status as well? With no interest paid on dollar, why would anyone want to hold any? Risks are high, curves remain steeply positive. The...

/regulation

Paul Penrose

Paul Penrose Head of Research at Finextra

Bernie Madoff's take on over-regulation on Wall Street

Some choice quotes from squeaky-clean Bernie Madoff on the trials of doing business in the modern financial system. "Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over-regulated or that the burdens are too great they all start to roll their eyes just like our children do when we talk ab...

/regulation /wholesale Video extravaganza

Retired Member

Retired Member 

Credit Reports - A Tax By Another Name

I've never received a letter quite like the one I received, over the weekend, from one of my credit card providers. It started with the sentence "Please sign and return the attached application form today to be entitled to a copy of your personal Credit Report." No point in beating about the bush, I guess. None of the flowery rhubarb y...

/regulation /retail Transaction Banking

Richard Barr

Richard Barr Principal Associate at Citadel Advantage Ltd.

Is it really all doom and gloom?

I just had a friend phone me to tell me that after almost 12 years at the same firm, he's being laid off. I had another friend phone me yesterday to tell me how horrible his job is now. A couple weeks ago, the British newspapers screamed about 20,000 financial industry jobs evaporating overnight. But does this mean that all is gloom & doom? We...

/payments /regulation

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