4419 Results from /regulation
Retired Member
I noticed an article in the Press today suggesting that the authorities were now considering creating a ‘bad bank’ (we already have more than one, but I know what they mean), into which could be placed up to £260 billion in toxic debts from the banks. The expectation is that this would free the banks to lend more by replacing those debts with cas...
14 January 2009 /regulation /retail Transaction Banking
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The World Economic Forum has released its annual take on Risks our world carries in the new year. The Global Risks Report 2009 is a compulsive read in these turbulent times and not just for Risk professionals. You can download the report from: http://www.weforum.org/en/initiatives/globalrisk/index.htm The report suggests that the world may face ris...
14 January 2009 /regulation
Of course, few people are happy with bankers at the moment, but they're not doing much to help themselves. In fact, the most recent communication from my bank (I won't say which one, but it begins with a letter near the start of the alphabet) has incensed me no end. They've sent me a mailshot offering a loan. Not in itself a thing to get underpa...
12 January 2009 /regulation Transaction Banking
At the beginning of a New Year one must always contemplate the difficulty of coming back to work after enjoying a couple of festive weeks off. So there I was last Monday embroiled in a taxing struggle to save myself from an hour or two of naval gazing and thumb twiddling and found myself listening to the Bernard Madoff hearing in Washington. No, ...
12 January 2009 /regulation
If this is the future of regulation, then God help us. I can't think of a bigger waste of money (at least, not at the moment, but I'm sure something will turn up) than spending £1 billion plus (let's not kid ourselves, this would cost a whole lot more) on getting all banks to devise and build (and maintain) a system that provided a single customer...
09 January 2009 /regulation Transaction Banking
Just reflecting on whether the current situation facing the institutions today has added weight to this prediction back in 2006. As the business case for Unified Communications solidifies and the pressure from the downturn intensifies, the appetite to deliver these benefits to those in the dealing room is in fact increasing in some sub-sectors. S...
08 January 2009 /regulation Unified Communications in Financial Services
Roy McPherson
Roy McPherson - London 07 January 2009 - 11:01 Is it only me or do the statistics of this survey shock you too? This article states that 85% of respondents say they have reviewed, or are in the process of reviewing, their risk procedures. Yet only 42% of respondents have a plan to make fundamental changes to their risk processes. Does this mean th...
07 January 2009 /regulation
Iosif Itkin CEO at Exactpro
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 did not...
06 January 2009 /regulation MiFID
Ainsley Ward Vice President, Payments Solutions at CGI
Strange things happen once the mince pies start to settle, just after you've finished seething at the Queen's speech and set the kids up with the latest Disney. This year a cousin and I began to debate what we'd change following last year's global bust - and in doing so we defined our vision of Post-apocalyptic new capitalism – which I'd like to s...
05 January 2009 /regulation Whatever...
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
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