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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. November 01, 2011 Basel III - RIPThe King is dead. Long Live the ...... Continue reading "Basel III - RIP" Posted by Patrick McConnell at 07:09 AM | Comments (0) September 17, 2011 Red in Tooth and Clawback'In Memoriam: Regulation and Remuneration', Lord Tennyson Continue reading "Red in Tooth and Clawback" Posted by Patrick McConnell at 03:07 AM | Comments (0) August 21, 2011 History repeats itself. Again.Historians are beginning to fret about the worrying parallels between Basel III and (Mad) King George III. Continue reading "History repeats itself. Again." Posted by Patrick McConnell at 08:52 AM | Comments (0) July 28, 2011 GSIBs spells GIBBERISHThe latest Basel 'Assessment Methodology' for Global Systemically Important Banks (G-SIBs) is, not to put too fine a point on it, gibberish, nonsense, a crock etc. Continue reading "GSIBs spells GIBBERISH" Posted by Patrick McConnell at 04:18 AM | Comments (0) March 11, 2011 Why Basel III will failJust as Basels I and II failed, Basel III will fail also, because it is based on the same false logic. Continue reading "Why Basel III will fail" Posted by Patrick McConnell at 01:43 AM | Comments (0) January 25, 2011 Gulliver on Wall Street'A rare breed, indeed', with acknowledgment to Dean Jonathan Swift. Continue reading "Gulliver on Wall Street" Posted by Patrick McConnell at 01:51 PM | Comments (0) December 23, 2010 Collateral DamageHas anyone in the Basel Secretariat ever worked in an Investment bank? Continue reading "Collateral Damage" Posted by Patrick McConnell at 11:59 PM | Comments (0) The King has got no clothesCourt Circular: The Basel Committee of Regents is pleased to announce the upcoming marriage of King Basel III. Continue reading "The King has got no clothes" Posted by Patrick McConnell at 12:29 AM | Comments (0) December 17, 2010 Basel III - The Reluctant KingLast week in the Swiss Kanton of Basel-Stadt, a centuries old ceremony took place amid much medieval pomp and splendour - the formal accession of Basel III to the throne of Global Regulation. Continue reading "Basel III - The Reluctant King" Posted by Patrick McConnell at 01:21 AM | Comments (0) October 07, 2010 The Doofus AffairEgalite, Fraternite, Stupidite Continue reading "The Doofus Affair" Posted by Patrick McConnell at 01:29 AM | Comments (2) September 15, 2010 The King is Dead, Long Live the King!To Basel a Son. Continue reading "The King is Dead, Long Live the King!" Posted by Patrick McConnell at 01:16 AM | Comments (0) September 04, 2010 It's who you know!Basel III - "It's not what you know, but who you know" Continue reading "It's who you know!" Posted by Patrick McConnell at 07:35 AM | Comments (0) August 29, 2010 I cannot tell the truthWhat would George Washington make of Wall Street? Continue reading "I cannot tell the truth" Posted by Patrick McConnell at 01:50 AM | Comments (0) February 12, 2010 Is Wall Street Nuts?"Men are moved by two levers only: fear and self interest" - Napoleon Continue reading "Is Wall Street Nuts?" Posted by Patrick McConnell at 12:42 AM | Comments (0) January 30, 2010 Risk Managers' Haiku
Something bad's happened
* Haiku is a Japanese poetry form in which a concept is encapsulated in 17 sounds/syllables, typically in three lines of 5, 7 and 5 sounds. See also the Risk Managers' Job Description Posted by Patrick McConnell at 12:42 AM | Comments (0) |
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