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. 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) September 03, 2008 A Confidence of Crisis"At least I mean what I say -- that's the same thing, you know, [as I say what I mean]" Alice in Wonderland. Continue reading "A Confidence of Crisis" Posted by Patrick McConnell at 05:30 AM | Comments (0) August 19, 2008 The Slippery SlopeLike skiers on a Giant Slalom, European banking regulators appear to be engaged in a frantic race to the bottom - of regulatory competence that is. Continue reading "The Slippery Slope" Posted by Patrick McConnell at 04:07 AM | Comments (0) August 15, 2008 Losses! Wot Losses?Lost: One Moral Compass. Hardly ever used. If found, please return to Wall Street. Continue reading "Losses! Wot Losses?" Posted by Patrick McConnell at 03:41 PM | Comments (1) July 07, 2008 La Grande BouffeThe French are past masters of the art of Farce and the French Banking Commission are determined to uphold this great tradition. Continue reading "La Grande Bouffe" Posted by Patrick McConnell at 05:51 PM | Comments (2) June 12, 2008 Basel II or Babel II?And so it came to pass! Continue reading "Basel II or Babel II?" Posted by Patrick McConnell at 04:26 PM | Comments (3) June 02, 2008 SG + PWC = MIASociete Generale's report into the Kerviel 'affaire' is a whitewash! While this is not entirely surprising, it is perplexing that, after so much criticism of large audit firms in previous scandals, PriceWaterhouseCoopers (PWC) has allowed its good name to be used to bolster such an obvious snow job. Continue reading "SG + PWC = MIA" Posted by Patrick McConnell at 04:35 PM | Comments (4) May 10, 2008 Risk Management - It's all in the numbersSometime in the next 18 months, the International Standards Organization (ISO) will produce its long awaited 'standard' on risk management - ISO 31000. When published, the risk management profession will go into one of its periodic paroxysms of navel gazing on the efficacy of risk management standards. Continue reading "Risk Management - It's all in the numbers" Posted by Patrick McConnell at 01:55 PM | Comments (2) April 08, 2008 Sex in the City (of London)A recent experiment in neuroscience found that young men made bad financial decisions when thinking about sex - who would ever have believed that? The implications of the study for risk management are intriguing. Continue reading "Sex in the City (of London)" Posted by Patrick McConnell at 05:05 AM | Comments (0) March 31, 2008 Fiasco at Heathrow Airport - a case of People RiskIt may be foolish to do a post-mortem on a patient who is still alive - but, here goes anyway. The opening of the new Terminal 5 at Heathrow Airport London is simultaneously both a risk management triumph and a PR disaster. How come? One word: people - pesky, unpredictable people! Continue reading "Fiasco at Heathrow Airport - a case of People Risk" Posted by Patrick McConnell at 05:08 AM | Comments (1) |
 CategoriesArchives
Recent Entries |
