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Stanley Epstein

Has the financial industry learned nothing?

I have been following recent press reports with a growing sense of unease. What I am reading is that some of the big banks, including some that were only bailed out by their respective governments in ...

17 Jul 2009
Innovation in Financial Services
Stanley Epstein

You gotta be kidding!

I generally find the subject of banking, risk management, payments and so on to be pretty serious stuff. After all I have spent my entire career dealing with the various aspects of all of this. I mu...

12 Jul 2009
Innovation in Financial Services
Stanley Epstein

Business versus Technology

It never ceases to amaze me that in the world of banking two different worlds can seemingly co-exist side by side, each oblivious of the other. There are many examples of this, such as "sound ris...

03 Jul 2009
Innovation in Financial Services
Stanley Epstein

Accounting standards - where is the honesty?

Once again I am appalled by the banks. Here we are, all in the midst of the worst financial crisis of the past seventy years, brought on by the greed and stupidity of the banking community and what ar...

03 May 2009
Stanley Epstein

Getting back to basics

Although the world's financial system is still in dire straits, together with the economies that have been dragged down with them, there seems to be an element of optimism in the air. Perhaps it is th...

26 Apr 2009
Innovation in Financial Services
Stanley Epstein

I want my fellow travellers back

I was really stunned today by how rapidly our current financial woes have affected the real world. Just three months ago, I was in London to attend to some business matters. Then it was the usual pack...

01 Feb 2009
Stanley Epstein

Shame on you!

There has been news in recent weeks in the press that the banks continue to wield undue influence, aimed at protecting their powers. This time the news comes from Kenya and it's all about M-PESA. Fo...

15 Jan 2009
Stanley Epstein

In my next life I want to be a bank!

Today I went to my bank to draw MY money from MY account. Even doing this without the assistance of a surly bank teller costs me money in transaction fees. I do the work, on the bank's equipment on my...

15 Jan 2009
Stanley Epstein

The financial crisis and operational risk management

As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. There has been a lot of hand-wringing and pronounceme...

29 Dec 2008
Innovation in Financial Services
Stanley Epstein

New products - watch your operational risk management

As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. The hand wringing and the weeping about credit risk, ...

16 Nov 2008
Stanley Epstein

Is this compensation?

Executive compensation is in the headlines again. And guess where? Nowhere else but than about executives at the failed Lehman Brothers. I see that the failed investment bank's CEO, Richard Fuld, has ...

10 Oct 2008
Innovation in Financial Services
Stanley Epstein

Lip Service

A key element in the development of any tangible product is the risk analysis that is (or should be) included in the design stage. If I build this object/product as specified, how safe is it going to ...

08 Oct 2008
Operational Risk Management

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