1205 Results from 2008
Alan Goodrich Regional Sales Manager at ERI
Just when you thought the subject had safely swam off quietly into deeper waters, frightened off by crazed French bankers; the debate resurfaces thanks to those nice analysts at Celent.
28 January 2008 /retail Trends in Financial Services
Gert Raeves Research Director at Adox Research Limited
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
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Biff!! Bang!! Kerplunk!! -..... These would be annotations if a comic book artist were to draw a strip on last week's events in the financial markets. The industry now looks like how the Roman Army is shown after an encounter with Asterix and Obelix in the famous comic series! We had hardly got over our chills over 'Black Tuesday' - when we have a...
26 January 2008 /regulation /retail
Retired Member
This Symantec warning shows how banks are still open to man-in-the-middle attacks, as fraudsters constantly look for new ways to break in. However, there are solutions available to protect online banking users against these types of attacks. CAP (Chip Authentication Programme) devices can be used to secure not only the individual but also the tran...
25 January 2008 /payments Online Banking
Paul Penrose Head of Research at Finextra
This just in: January 2008, Incisive Media's annual Risk Awards black-tie dinner. "Last year was the most volatile since 1998, with rising delinquencies in the US subprime mortgage market causing banks to rack up billions of dollars in losses. Risk recognises those institutions that weathered the storm, and continued to provide liquidity and ...
25 January 2008 /regulation /wholesale
Ok, so not a London restaurant (yes, I do know what community this is being posted to!) but a fantastic indonesian restaurant in the middle of Amsterdam - great recommendation from a local - needs booking since busy even mid-week. See www.indrapura.nl or phone +31 (0)20 623 73 29.
25 January 2008 After hours
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
I am still of the opinion that there is something fishy going on with the 'lone trader' theory at SocGen. However, my mate Peter Guest at the FT has almost changed my mind with this take: (printed with his permission) "Nope. Firstly, he's a junior trader, and not a well remunerated one. This is something that is more than possible - I've been...
25 January 2008
Jakob Nielsen's site is always an interesting read as usability is one of my big obsessions. It sounds obvious stuff really - if your site loads quickly and is easy to use - folk will not click away elsewhere, yet so many sites get this wrong. Horribly so. I have a huge problem with some blogging sites in this regard. And don't get me started on a...
Once again the vulnerability of global financial institutions is illuminated by the operations of a single individual. Today's announcement of EUR5 billion in losses at SocGen adds to an ever-expanding list of Nick-Leeson style trading debacles - Chinese metals trader Liu Qibing's copper loss of $100 million, a Mizuho broker's sale of 610,000 sh...
24 January 2008 Trends in Financial Services
Reports have emerged that the rogue trader responsible for the EUR5 billion trading loss at Société Générale is 30-year-old Frenchman Jérome Kerviel. Apparently sources within the bank leaked the name to the press. The incident is, inevitably, being compared with previous rogue traders, particularly Barings Bank rogue trader Nick Leeson. In his ...
24 January 2008 /regulation
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