Gert Raeves Research Director at Adox Research Limited
Hello, my name is the international investment community and I have been brought low by my addiction to toxic assets. It took away my bonus, my job, my lifestyle and my reputation. As I am trying to make sense of what happened and how I can get my life back - I wanted to share with you a few things I learned about toxic assets the hard way: 1. To...
13 July 2010 /regulation /wholesale Data Management 101
No B-movie or schlocky sitcom is complete without the "letter from the grave" plot device- in which the recently departed get to tell those who are left behind where the money (or the skeleton) is hidden. While ‘resolution and recovery plans' at least have reassuring alliterative potential, "living wills" is so much better. It ...
17 May 2010 /regulation Data Management 101
Easily the most unusual literary success story of the year, the Jane Austen inspired mash-up novel which inspires this blog title is terrific trashy fun. If you are looking for a quirky Christmas present for any Regency pulp fiction obsessed bibliophiles in your acquaintance, you could do worse than look here. Improbably, there are quite a few in...
03 December 2009 /wholesale Data Management 101
Two widely-accepted facts: valuation processes sit in the front office, reporting sits in the back. But what's in the middle? Often, it's been a chasm where the basic details on how/when/why an asset or portfolio was priced disappear, never to be found - a problem when the regulators knock on the door. Demand for independent price verification (IPV...
09 September 2009 /wholesale Data Management 101
Apparently, more than 40% of senior bankers believe better data quality and availability are really quite important to improve risk management. So many cliches, such lack of imagination and inventiveness, such an overdose of the obvious remedies. A story like this comes along every few weeks - and every time I read one I have to resist the temptati...
07 May 2009 /wholesale Data Management 101
Wouldn't it be nice to have everyone speak the same language? Definitely no political motive - move right along - nothing to see here. Just trying to make sure we agree a common phrasebook. Simply giving the people access to markets in open and transparent way, and make it easy to use new shiny order management tools to route deal flow to the mos...
03 March 2009 /regulation Data Management 101
A recent Tabb report ‘The Enterprise Spreadsheet: Pushing towards Transparency’ highlights how firms continue to rely on spreadsheets at every level - serving as the modelling laboratory, negotiation tool, trade capture software, books and records, and as an input into almost every post-trade process. This is not a new problem, but you would thi...
The latest twists in the Paul Moore story (fascinating memo in full on FT site) are extraordinary - and reinforces that risk management is central to one of the Great Credit Crunch Conundrums. What were all the risk managers doing while all around them the Romans were piling up the firewood? The recent KPMG survey highlights that they spent most o...
12 February 2009 /regulation /wholesale Data Management 101
If it takes a crisis to remind people of what really matters, there is no doubt that credit crunches and rogue traders have put data management at the centre of attention. The world at large has suddenly discovered what (mostly) genteel education and awareness-building by organisations like the EDM Council has said all along: Scratch the surface o...
04 February 2008 Data Management 101
There is an underreported flavour to the much-debated middle and back office experience of Jerome Kiervel, the Soc Gen trader responsible for last week's high drama. According to a copy of his CV circulated online (thank you Chris Skinner), he was involved in reference data between 2000 and 2002, working in the middle office Referential (sic) team...
28 January 2008 Data Management 101
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.