Gert Raeves

Research Director at Adox Research Limited

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Bio Research and advice on technology to automate the trade lifecycle Career History banking, software, networks

Blogs

Data Management 101

Get with the Toxic Asset De-Tox Programme

13 Jul 2010

Hello, my name is the international investment community and I have been brought low by my addiction to toxic assets. It took away my bonus, my job, my lifestyle and my reputation. As I am trying to make sense of what happened and how I can get my life back - I wanted to share with you a few things I learned about toxic assets the hard way: 1. To...

Data Management 101

If you are reading this, it means...

17 May 2010

No B-movie or schlocky sitcom is complete without the "letter from the grave" plot device- in which the recently departed get to tell those who are left behind where the money (or the skeleton) is hidden. While ‘resolution and recovery plans' at least have reassuring alliterative potential, "living wills" is so much better. It ...

Data Management 101

Price and Prejudice and Zombies

03 Dec 2009

Easily the most unusual literary success story of the year, the Jane Austen inspired mash-up novel which inspires this blog title is terrific trashy fun. If you are looking for a quirky Christmas present for any Regency pulp fiction obsessed bibliophiles in your acquaintance, you could do worse than look here. Improbably, there are quite a few in...

Data Management 101

Pricing - Mind the Gap

09 Sep 2009

Two widely-accepted facts: valuation processes sit in the front office, reporting sits in the back. But what's in the middle? Often, it's been a chasm where the basic details on how/when/why an asset or portfolio was priced disappear, never to be found - a problem when the regulators knock on the door. Demand for independent price verification (IPV...

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Gert is Commenting on

Risk management overhaul tops bank agendas for 2009 - KPMG

What were all the risk managers doing while all around them the Romans were piling up the firewood? The KPMG survey highlights that they spent most of their time being frustrated at the lack of incentives, proper governance, risk culture and adequate tools to do their job.Now that short-term survival is the order of the day, and firms are focused on spending less on anything and everything, or focused on new risk models and new regulation, one of the fundamentals of good risk management - a clean and consolidated underlying data infrastructure - is in danger of being - once again - the bridesmaid never the bride. Any risk management system is only going to be as good as the data feeding it. Without the right data, you are driving blindfolded or using the rear-view mirror.Basic banking disciplines such as liquidity and risk management should be based on real-time consolidation of current and projected positions, and integrated with right-here right-now market and counterparty risk data. In order to be trusted, risk-relevant data needs to be updated with new transactions, market data feeds and customer/counterparty updates without manual intervention or batch processing. We need to accept that this is a hard thing to do right - a lot of time and resource is required. But right now, starting in an area where there is so much immediate pain - areas such as counterparty risk or liquidity management - must be the right thing to do. Time for a favourite Dr Johnson quote surely - "Men are generally idle, and ready to satisfy themselves, and intimidate the industry of others by calling that impossible which is only difficult."

22 Jan 2009 Reply Read article