Retired Member
One of the processes that needs to be examined, as the world's authorities work out how to change the financial infrastructure for the better, is the process of automated and remote credit scoring and the role it plays in the overall credit decision. I think there's a case for either restricting its use to certain loan types, or at the least redu...
07 November 2008 /regulation /retail Transaction Banking
Welcome to a new world! Following a phase of brutal consolidation, investment banking will be carried out by a handful of huge commercial banks themselves under direct or indirect control of governments or regulating authorities. Bank and asset management businesses will be “re-siloed” in ecosystems defined according to risk environment, regulatory...
07 November 2008 /regulation
With the sum of $600 trillion CDS, it now looks as though the sub-prime crisis is a relatively benign subject. It is safe to say that a lot of these CDS' spread have increased because of the current economic crisis and the number of defaults. How much of this $600 trillion CDS is affected by credit defaults is a very good thing to know at this poin...
06 November 2008 /regulation /wholesale
Gary Wright Analyst at BISS Research
Tower Group is the latest research company to announce that there will be cuts in IT budgets for next year after the banking bailouts. Does this stand up to scrutiny as only a few short months ago most research firms were taking completely opposite stance, with some predicting significant increases. The credit crunch is hardly new news and one wou...
04 November 2008 /regulation MiFID
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
As the Central banks across the world are pumping money into banks and the rest of the economic world watches the bailout, it is no wonder that every entity now wants to be a bank. And why not, you let your investment banking division run amuck, dish out lofty bonuses, engage in leveraged buyouts and deals with gay abandon; when things sour up, ju...
03 November 2008 /regulation
Elton Cane Digital product delivery at News Corp Australia
French police have arrested six people in their investigation into the high-profile fraud attack on President Sarkozy, but believe they are only minor figures in a wider plot. What's more interesting is the internal bank investigation at the SocGen branch where he holds his account. Apparently more than 150 staff members have consulted the account,...
31 October 2008 /security /regulation Transaction Fraud Systems and Analysis
It's not often that you see a full breakdown of exactly how much money a bank has spent on different projects within its overall IT budget. At least not in the public domain. But at Westpac's earnings announcement yesterday, CEO Gail Kelly picked the bank's technology operation as its most notable "low light" during their financial year....
31 October 2008 /regulation /retail Finextra50 fintech index
I found this news release by the FBI quite amusing - http://www.fbi.gov/page2/oct08/threatletters_102308.html It seems 'a series of threatening letters filled with an unknown powder started showing up at financial institutions across America'. Looks like a bunch of pranksters were frightening the already scared banks! The credit crisis has turned ...
27 October 2008 /security /regulation
At this week's Corporate Finance forum the financial crisis was, as expected, at the top of the agenda. Two speakers presented equally doom laden news and the general mood was as downbeat as you can get. The interesting point from both presentations was that throughout this year there has been a massive number delisting of companies on AIM. There...
20 October 2008 /regulation Operational Risk Management
One of the items in my spam folder tonight is an email from Experian offering me a free trial for access to 'Credit Expert', so that I can view my credit reference. Obviously, the intention is for me to have the free trial and then pay for this subsequently (they want my card details when applying for the trial). This reminded me that my credit ...
17 October 2008 /regulation
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