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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. June 03, 2009 PAR - Porsche At RiskConfucius: "Wealth and rank are what people desire, but unless thy are obtained in the right way they may not be possessed" Continue reading "PAR - Porsche At Risk" Posted by Patrick McConnell at 04:17 AM | Comments (0) May 30, 2009 Foligopoly"Never was so much owed to so many by so few": Winston Churchill (revised). Posted by Patrick McConnell at 03:04 AM | Comments (0) April 27, 2009 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. Continue reading "Somewhere - Over the Counter" Posted by Patrick McConnell at 06:55 AM | Comments (0) April 20, 2009 Digit in the DykeBen Bernanke: "Recent experience has shown some ways in which financial innovation can misfire" Continue reading "Digit in the Dyke" Posted by Patrick McConnell at 09:08 AM | Comments (0) April 13, 2009 Basel 2.0Has the Basel Committee been reading the Microsoft playbook? Posted by Patrick McConnell at 07:49 AM | Comments (0) February 20, 2009 HillbilliesPaul McCartney: "Day after day, Alone on a hill, the man with the foolish grin is keeping perfectly still" Continue reading "Hillbillies" Posted by Patrick McConnell at 03:18 AM | Comments (0) January 29, 2009 Job Vacancy - Only the Worst need Apply!"You Know I'm Bad, I'm Bad - You Know It (Bad Bad-Really, Really Bad) Continue reading "Job Vacancy - Only the Worst need Apply!" Posted by Patrick McConnell at 12:16 AM | Comments (3) December 22, 2008 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. Continue reading "2008: Too Little - Too Late!...2009: All will be Fine?" Posted by Patrick McConnell at 03:15 AM | Comments (4) December 13, 2008 Best of all Possible WorldsMilton Friedman "The only relevant test of the validity of a hypothesis is comparison of prediction with experience" Continue reading "Best of all Possible Worlds" Posted by Patrick McConnell at 10:32 PM | Comments (0) November 27, 2008 Animal Farm"All firms are created equal, but some firms are more equal than others" - Animal Farm Continue reading "Animal Farm" Posted by Patrick McConnell at 12:30 AM | Comments (0) November 19, 2008 Through the Looking GlassAlice in Wonderland: If you drink much from a bottle marked "poison" it is almost certain to disagree with you, sooner or later. Continue reading "Through the Looking Glass" Posted by Patrick McConnell at 11:45 PM | Comments (1) November 09, 2008 When the Circus left TownSome say Wall Street is like Las Vegas; it is not - it is like Coney Island. Continue reading "When the Circus left Town" Posted by Patrick McConnell at 04:12 AM | Comments (1) October 22, 2008 Principles for a new Regulatory Paradigm(Almost) everyone agrees that financial regulation needs an overhaul - but how? How about changing the focus of regulation? Continue reading "Principles for a new Regulatory Paradigm" Posted by Patrick McConnell at 06:42 AM | Comments (2) October 18, 2008 Grande Bouffe II - French FarceIn all the gloom of the Credit Crisis, banking regulation in France can always be guaranteed to put a smile on one's face. Continue reading "Grande Bouffe II - French Farce" Posted by Patrick McConnell at 04:43 AM | Comments (0) October 12, 2008 The Wealth of (Non) NationsDoes the Credit Crisis herald the end of the Nation State, if not in Politics and Economics but, maybe, in Finance? Continue reading "The Wealth of (Non) Nations" Posted by Patrick McConnell at 04:35 AM | Comments (1) |
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