4229 Results from /regulation
Retired Member
A few years ago I was invited to a fancy dress party where invitees were asked to come as their “favourite childhood memory”. It may sound strange, but I went as a giant Monopoly board. I have many happy memories of playing Monopoly with my younger brother. Sometimes I would win, sometimes I would lose, but it usually ended in one of us realising ...
25 September 2008 /regulation Trends in Financial Services
If you haven't seen the original chrome user agreement and didn't know the background political maneuvers on internet privacy you might not be aware of the relevance that it has to the tech giants. Goo(gle) and Y(ah)oo are meshing their advertising machines and Goo is gearing up to provide advertisers with more data than they could have dreamed of...
06 September 2008 /security /regulation Whatever...
Stanley Epstein Associate at Citadel Advantage Group
If the Misys data are correct we are sitting atop a volcano that is just about to blow! Firstly forty one percent of failed cross-border transactions is appalling! This means that almost every second cross-border transaction is not passing muster. This also raises two very clear and critical issues - transparency and operational risk. On the trans...
04 September 2008 /payments /regulation Operational Risk Management
In a hedge fund, a prop trading desk or any high geek power trading environment, there is a chaos that is by now familiar. It is hard to imagine a world in which PhDs in physics, mathematics and statistics are not translating mathematical strategies into scripts and code libraries; where IT developers are not integrating them with the rest of the ...
03 September 2008 /regulation Trends in Financial Services
Enthusiasm for the post holiday reading pile is normally considerably less than the gleeful anticipation of packing those paperbacks for reading in sunnier climes, as I am sure you will agree..... A pleasant and rewarding surprise, then (at least in my world!) to return to a 'straight to the point' article on Digital DNA and the dangers of accide...
01 September 2008 /security /regulation Information Security
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
We all know how much of money and effort it takes to manage Operational Risk for a financial institution. The thousands of 'person-hours' of Risk, Compliance, IT, Operations, ete have to put in BCP, DR and the works to protect your business. On top of all the sweat and blood, you have the regulators breathing down your necks to check your state o...
31 August 2008 /security /regulation
For months I have posted a question on my blog: Has there ever been a documented example of identity theft committed as the result of lost backup tapes? So far, no one has shown me an example. As we saw with TJX and Best Western, it is easy to blow apparent data breaches out of proportion. --Ben http://hack-igations.blogspot.com/2007/12/does-lost...
29 August 2008 /security /regulation
One of the most intriguing features of the Internet is the amount of falsehoods flying around. A large proportion of emails and 'facts' sent to you or put up on sites are to put it nicely -'very economical with the truth'. I am sure this human behavioral trait of 'net lies' merits detailed study by psychologists. Part of the reason for this phenom...
24 August 2008 /regulation
A colleague, involved in operational risk management at a major bank, recently asked me what my feelings are regarding the quantification of the cost of reputational risk. Was it simply something that could be taken as a percentage of revenue or net profit and then just slapped into a spreadsheet or even a balance sheet? And the question was not th...
19 August 2008 /regulation Operational Risk Management
There is an intriguing news release over the weekend by American Express. The premium card issuer's subsidiary American Express Credit Corp has come out with a $ 2 billion note sale at a whopping yield of 425 basis points above comparable US Treasury securities. This yield is way above what investors have been demanding earlier. See http://www.b...
18 August 2008 /payments /regulation
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