1205 Results from 2008
Retired Member
In a few hours time the euro will be ten years old and, despite the many forecasts of its demise along the way, the currency is beginning to fulfil its promise. Not only has it contributed to economic development and low inflation in the Eurozone, and been beneficial to trade, but it has also established global credibility, especially in the throe...
31 December 2008
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Well, with so many billions washed out in 2008, it looks like banks don't think a billion is too much! See this hilarious news item - http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/7804876.stm With the banks getting it between their eyes, one can understand their being cross eyed. Not sure if banks are thinking of creative solutions to recove...
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Identity 2.0 presentation. Fascinating style - useful content indeed. We need to address both sides of the coin: 1. the tool, 2. the process how this is attached - when we talk about coming federated strong id for banking, many public and private sector services. If these will become easy and cheap enough - they can also bring security and conveni...
29 December 2008
Stanley Epstein Associate at Citadel Advantage Group
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 pronouncements about credit risk, liquidity problems, lack of trust and the like. However to my mind these are all smoke. And this smoke conceals the fundamenta...
29 December 2008 /regulation Innovation in Financial Services
Elton Cane Digital product delivery at News Corp Australia
Fox News has been dogged in its pursuit of scandals going on at the World Bank, including the hacking cases we wrote about in October. To add to Satyam's recent woes, they have now confirmed that Satyam has been banned from working for the World Bank for eight years, starting from September. Apparently the punishment has been meted out for paying ...
23 December 2008 /security /wholesale Information Security
Banks have already substantially cut credit limits and it seems obvious that they should be giving out fewer cards than in the past, but you can’t really tell this with all the credit card marketing still happening in Singapore’s shopping districts. Will banks continue promoting card usage and credit consumption as the crisis grows, or will rewar
22 December 2008 /payments
So ... I have been saying for a long time that the primary cause of plastic card transaction fraud is the idiot policies adopted by the issuing banks - I know how to win friends and influence people. I did want to use a less emotive word than "idiot", but finding one that conveyed the same meaning eluded me. I am sure, though, that t
Iosif Itkin CEO at Exactpro
Most financial systems are designed to handle outages in one or another way. However, even if redundancy is incorporated into the system’s architecture it is not uncommon to see that insufficient attention is paid to actually verifying that it will work out. In our practice, we have encountered situations when no more than eight hours (a single wo...
22 December 2008 Banking Architecture
Comparing Ernst & Young figures against PRMIA Global Risk Survey results (http://www.prmia.org/globaleventseries/news/20080618.html) Ernst & Young Enterprise-wide risk-reporting process is in place 9% - nearly completed 67% - midway 24% - early stages PRMIA Benchmarks the Role of Enterprise Risk Management in Current and Future Business Pro...
19 December 2008 /regulation
Quite often when an exchange has to close due to technical problems, the detail of what exactly happened is kept hushed up (e.g. LSE TradElect glitch in September). But TMX CEO Thomas Kloet has been quite candid with The Globe and Mail about what went wrong with their data feeds this week. Apparently the cause was a firmware problem on the feed se...
19 December 2008
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