27 November 2014

Stanley Epstein

Archive for: August, 2008
Stanley EpsteinCitadel Advantage Ltd - Modiin

Ripping out the operational 'guts'

30 August 2008  |  3063 views  |  0  |  Recommends 0

Good for the FSA for warning the investment banks on staff cuts in middle and back office functions . Clearly from the banks side, it is the usual story. Back and middle office staff are expendable. They are simply an added cost “burden” that has to be cut as soon as margins are squeezed. Imagine ripping out half your car’s engine simply because t...

Stanley EpsteinCitadel Advantage Ltd - Modiin

How do you price reputational risk?

19 August 2008  |  6746 views  |  4  |  Recommends 2

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...

TagsRisk & regulationGroupOperational Risk Management
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Stanley EpsteinCitadel Advantage Ltd - Modiin

Something is rotten ....

13 August 2008  |  3633 views  |  3  |  Recommends 1

I have been watching unfolding events in the banking world with a sense of incredulity and rising trepidation. It's like watching a train crash in slow motion. It just seems like it is one debacle aft...

TagsDealing roomsRisk & regulationGroupInnovation in Financial Services
Stanley EpsteinCitadel Advantage Ltd - Modiin

Getting the business - risk equation right

03 August 2008  |  3340 views  |  0  |  Recommends 0

Years ago when I first became involved in risk management in a large regional bank I was told to keep my nose out of the “business”. And what did “business” mean? Well, simply put – making a profit at...

TagsRisk & regulationGroupOperational Risk Management
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