Exchange Ideas

Systems Risk

"Systems Risk" is in the position that Operational Risk was a decade ago (pre Basel II) in that everyone knows that Information Technology is a major issue in Financial Services but the industry has not found satisfactory ways of analysing and measuring the associated risks. Many business surveys point to IT being of vital interest to Boards and senior management, but we (the IT profession) keep screwing up - I would argue because, in part, neither the IT function nor business has yet learned how to manage risk.

PAR - Porsche At Risk

Confucius: "Wealth and rank are what people desire, but unless thy are obtained in the right way they may not be possessed"

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Posted by Patrick McConnell at 04:17 AM | Comments (0)

Foligopoly

"Never was so much owed to so many by so few": Winston Churchill (revised).

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Posted by Patrick McConnell at 03:04 AM | Comments (0)

Somewhere - Over the Counter

"I haven't got a brain... only straw. But some people without brains do an awful lot of talking... don't they?" Scarecrow in the Wizard of Oz.

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Posted by Patrick McConnell at 06:55 AM | Comments (0)

Digit in the Dyke

Ben Bernanke: "Recent experience has shown some ways in which financial innovation can misfire"

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Posted by Patrick McConnell at 09:08 AM | Comments (0)

Basel 2.0

Has the Basel Committee been reading the Microsoft playbook?

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Posted by Patrick McConnell at 07:49 AM | Comments (0)

Hillbillies

Paul McCartney: "Day after day, Alone on a hill, the man with the foolish grin is keeping perfectly still"

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Posted by Patrick McConnell at 03:18 AM | Comments (0)

Job Vacancy - Only the Worst need Apply!

"You Know I'm Bad, I'm Bad - You Know It (Bad Bad-Really, Really Bad)
You Know I'm Bad": Michael Jackson

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Posted by Patrick McConnell at 12:16 AM | Comments (3)

2008: Too Little - Too Late!...2009: All will be Fine?

At this season, it is traditional to reflect upon the past year and look forward to the next 12 months.

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Posted by Patrick McConnell at 03:15 AM | Comments (4)

Best of all Possible Worlds

Milton Friedman "The only relevant test of the validity of a hypothesis is comparison of prediction with experience"

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Posted by Patrick McConnell at 10:32 PM | Comments (0)

Animal Farm

"All firms are created equal, but some firms are more equal than others" - Animal Farm

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Posted by Patrick McConnell at 12:30 AM | Comments (0)

Through the Looking Glass

Alice in Wonderland: If you drink much from a bottle marked "poison" it is almost certain to disagree with you, sooner or later.

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Posted by Patrick McConnell at 11:45 PM | Comments (1)

When the Circus left Town

Some say Wall Street is like Las Vegas; it is not - it is like Coney Island.

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Posted by Patrick McConnell at 04:12 AM | Comments (1)

Principles for a new Regulatory Paradigm

(Almost) everyone agrees that financial regulation needs an overhaul - but how? How about changing the focus of regulation?

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Posted by Patrick McConnell at 06:42 AM | Comments (2)

Grande Bouffe II - French Farce

In all the gloom of the Credit Crisis, banking regulation in France can always be guaranteed to put a smile on one's face.

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Posted by Patrick McConnell at 04:43 AM | Comments (0)

The Wealth of (Non) Nations

Does the Credit Crisis herald the end of the Nation State, if not in Politics and Economics but, maybe, in Finance?

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Posted by Patrick McConnell at 04:35 AM | Comments (1)

Patrick McConnell


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