Archive for: January, 2009
Gary Wright - BISS Research - London | 30/01/2009 | 3828 views | 1 comment
It was inevitable that as the world dives into recession and profits disappear into history that the reaction of the majority of companies would be to cut costs and make employees redundant. The cost of redundancy should never be measured by the immediate balance sheet impact but should also take into account, the cost of have to re-employ people t...
Tags: Dealing rooms, Trade execution
Gary Wright - BISS Research - London | 29/01/2009 | 6209 views | 2 comments
At this weeks Purchasing Card Forum, Nick Ogden, founder of WorldPay and currently chairman and CEO of Voice Commerce Group presented the use of voice recognition as the next big thing in security. He outlined that so far the methods used for card security have all been found to have fallen short and a straw poll of the audience appeared to justify...
Tags: Online banking, Payments
Gary Wright - BISS Research - London | 26/01/2009 | 4085 views
Its normal practice for financial services firms to immediately cut costs and budgets when a financial crisis hits. In my time working in banking I can remember on many occasions when some form of crisis appeared that the first reaction was to freeze expenditure, the next was to cut costs the third was to prioritise and then cut again. The finance ...
Tags: Risk & regulation, Sibos
Gary Wright - BISS Research - London | 16/01/2009 | 3043 views
At this week's Securities & Investment Institute debate in London's Mansion House some eminent speakers in front of an expert audience debated "In this current financial environment, more financial regulation is a major part of the solution".
The speakers for the motion were Vince Cable, Liberal Democrat and Shadow Chancellor and David Benne...
Tags: Dealing rooms, Trade execution
Iosif Itkin - Exactpro Systems - Moscow | 06/01/2009 | 3503 views | 2 comments
To be honest, I remain skeptical about the necessity to invest heavily into Risk Management technology. It seems to me that the issue is not in software or hardware but in general assumptions and practices. Let’s take pricing and valuation - server farms with thousands of servers running Monte-Carlo and stress tests for structured products di...
Tags: Trade execution, Risk & regulation
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