Retired Member
PwC research shows more than a quarter of UK companies do not have a disaster recovery plan and half of these have not been tested. 92% of companies surveyed believe that disaster recovery is "an important driver" of their IT spending, but over half haven't quite got around to planning or testing their plan regularly. Well - disaster is ...
04 April 2008 /regulation
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Well, Blogs and Social media have made terrific inroads into our lives. This conference promises to be interesting. Check out: http://www.icwsm.org/2008/index.shtml Shows how important these channels are going to be and how much they are likely to influence many business decisions.
03 April 2008 /regulation
Elton Cane Digital product delivery at News Corp Australia
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 well
02 April 2008 /regulation /retail Finextra50 fintech index
Paul Penrose Head of Research at Finextra
"A few fundamental tenets of sound financial judgment appear to have been violated." That's the typically understated view of the Bank for International Settlements, in its first official review of the havoc wreaked on the financial markets by wanton abuse of credit risk transfer instruments. The central bankers bank first reviewed the CR...
02 April 2008 /regulation /wholesale Finexpo
Gary Wright Analyst at BISS Research
For the last two years there has been no end of so called experts announcing how MiFID would totally change the securities market in Europe. Noticeably their message of gloom was modified as MiFID neared towards implementation and no clouds had been spotted to fulfil the MiFID soothsayers, scaremongering and trying to panic the market. After MiFID...
31 March 2008 /regulation MiFID
The below mentioned piece of wisdom arrived in my inbox yesterday. Appears to be one of the many profound pieces of wisdom on the subprime mess. It makes good reading; although can't decipher how to give credit to the originator of this masterpiece. ----------------------------------------------------------------------------- HOW THE CDO MARKET WO...
31 March 2008 /regulation /retail
Jonathan Rosenne Chairman at QSM Programming Ltd.
The important issue, in my mind, is how did the fraudsters obtain the ATM PIN codes.
28 March 2008 /security /regulation
Across the capital markets industry organizations nervously struggled to determine exposure to those industry participants they considered in danger of becoming insolvent. For several stress filled days counterparty risk was the dominant exercise taking place in finance groups, middle and back offices. Regulatory organizations and politicians cons...
24 March 2008 /regulation
Chartered Management Institute - UK has released an engrossing report on the what the workplace/ organisation will look like in 10 years. You can download the report and 'accessories' from; http://www.managers.org.uk/client_files/user_files/Milburn_21/Management%20Futures%20Report%20Final.pdf The report called 'Management Futures' outlines how ou...
24 March 2008 /payments /regulation
What is the most likely event to emanate from all the downslides in the financial market? Yes, the plethora of new laws and regulations. We saw Sarbanes-Oxeley in response to Enron and World Com. We had the Patriot Act after 9/11. So, what do you expect from the subprime crisis - new laws, of course! The first salvo seems to be fired off by the U...
22 March 2008 /security /regulation
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