4367 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
The Hammer of the Gods came down on me. I pissed off Led Zeppelins lawyers. It wasn't intentional, I was just a fan. There wasn't even a term for it when I did it. What was it? Cybersquatting. Cybersquatting is the act of procuring someone elses trademarked brand name online as a dot com or any other US based extension. Cyber squatters squat for ma...
17 March 2009 /security /regulation
Roy McPherson
Actually thats a complete fabrication but if I entitled this blog CP 8/22 I didn't think I'd get much of a response . The recently released CP08/22 'Strengthening Liquidity Standards' is the FSA's response to the challenges set out to the regulators by the Basle Committee on Banking Supervision in their Sept 08 paper 'Principles for Sound Liquidity...
17 March 2009 /regulation
Retired Member
Getting the business wisdom Business wisdom is next level of business intelligence. Companies are stuck in bloody Red Ocean and fighting on to grab market share; nobody is trying to create a blue ocean. Achieving business wisdom means proactively respond and make changes in your existing system before the problems reach to the harbour.
Interesting development on the credit card front. Once more, the Government is trying to make out that the financial services industry is at fault for pushing credit on people. Whilst I subscribe to the view that there needs to be shackles on mortgage salary multipliers and LTV ratios (because that is heavily price-inflationary), I am less certain...
17 March 2009 /regulation Trends in Financial Services
Information and phisical security in every country is continually at risk as long as identifing documents can be reproduced with ease. While progress is continually made to identify and authenticate, organized criminals skirt the system. Federal and state authorities closed a metro Denver counterfeit documents ring allegedly masterminded by a Me
16 March 2009 /security /regulation
Paul Penrose Head of Research at Finextra
Want to know how Bernie Madoff swindled his billions, but only got a minute to spare? Ernie from Sesame Street explains all here. Not sure that I fully approve of Ernie's rather Tarantinoesque retribution.
16 March 2009 /regulation /wholesale Video extravaganza
An axiom in business is that we buy from and do business with those who we know like and trust. In the 21st century we have seen CEOs, investment bankers, politicians and those in the highest positions of trust completely screw everyone who put them on their pedestal. Madoff pleads guilty for orchestrating a 65 billion dollar Ponzi scheme and 3 ro...
13 March 2009 /security /regulation
I suspect the memorable phrase coined today by Hector Sants, CEO of the Financial Services Authority, will long be remembered as a turning point in the debate about regulatory structure. He said "a principles-based approach does not work with participants who have no principles". Go to http://www.ft.com/cms/s/0/2dbf2b7e-0ef8-11de-ba10-00...
12 March 2009 /regulation Innovation in Financial Services
In the wake of the alleged $50bn Madoff and $8bn Stanford ponzi schemes, I have to announce that I have uncovered one that’s a tad larger. A ponzi scheme is defined as one where current withdrawals are funded by current receipts. So it would seem that the UK central and local government pension schemes with unfunded liabilities of £750bn is indeed ...
12 March 2009 /regulation Finexpo
What a nasty headline for an article. From ABCnews.com the journalist roasts IT professionals on a spit. And the comments were all inspiring. As the recession rears its ugly head, disgruntled ex employees are in the best position to drop a bomb in the companies network or suck all the data out with a few terabyte drives. A recent study by McAfee a
11 March 2009 /security /regulation
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