Systems Risk http://www.prmia.org/Weblogs/General/Patrick_McConnell/ "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. 2011-11-01T07:09:26+00:00 Basel III - RIP http://www.prmia.org/Weblogs/General/Patrick_McConnell/2011/11/basel_iii_rip.php The King is dead. Long Live the ......

]]> pjmcconnell 2011-11-01T07:09:26+00:00 Red in Tooth and Clawback http://www.prmia.org/Weblogs/General/Patrick_McConnell/2011/09/red_in_tooth_an.php 'In Memoriam: Regulation and Remuneration', Lord Tennyson

]]> pjmcconnell 2011-09-17T03:07:43+00:00 History repeats itself. Again. http://www.prmia.org/Weblogs/General/Patrick_McConnell/2011/08/history_repeats.php Historians are beginning to fret about the worrying parallels between Basel III and (Mad) King George III.

]]> pjmcconnell 2011-08-21T08:52:16+00:00 GSIBs spells GIBBERISH http://www.prmia.org/Weblogs/General/Patrick_McConnell/2011/07/gsib_spells_gib.php The 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.

]]> pjmcconnell 2011-07-28T04:18:37+00:00 Why Basel III will fail http://www.prmia.org/Weblogs/General/Patrick_McConnell/2011/03/why_basel_iii_w.php Just as Basels I and II failed, Basel III will fail also, because it is based on the same false logic.

]]> pjmcconnell 2011-03-11T01:43:02+00:00 Gulliver on Wall Street http://www.prmia.org/Weblogs/General/Patrick_McConnell/2011/01/gulliver_on_wal.php 'A rare breed, indeed', with acknowledgment to Dean Jonathan Swift.

]]> pjmcconnell 2011-01-25T13:51:08+00:00 Collateral Damage http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/12/collateral_dama.php Has anyone in the Basel Secretariat ever worked in an Investment bank?

]]> pjmcconnell 2010-12-23T23:59:30+00:00 The King has got no clothes http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/12/the_king_has_go.php Court Circular: The Basel Committee of Regents is pleased to announce the upcoming marriage of King Basel III.

]]> pjmcconnell 2010-12-23T00:29:09+00:00 Basel III - The Reluctant King http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/12/basel_iii_a_the.php Last 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.

]]> pjmcconnell 2010-12-17T01:21:16+00:00 The Doofus Affair http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/10/the_doofus_affa.php Egalite, Fraternite, Stupidite
(Motto - French Banking Commission)

]]> pjmcconnell 2010-10-07T01:29:39+00:00 The King is Dead, Long Live the King! http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/09/the_king_is_dea.php To Basel a Son.

]]> pjmcconnell 2010-09-15T01:16:16+00:00 It's who you know! http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/09/its_who_you_kno.php Basel III - "It's not what you know, but who you know"

]]> pjmcconnell 2010-09-04T07:35:24+00:00 I cannot tell the truth http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/08/i_cannot_tell_t.php What would George Washington make of Wall Street?

]]> pjmcconnell 2010-08-29T01:50:31+00:00 Is Wall Street Nuts? http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/02/is_wall_street_1.php "Men are moved by two levers only: fear and self interest" - Napoleon

]]> pjmcconnell 2010-02-12T00:42:10+00:00 Risk Managers' Haiku http://www.prmia.org/Weblogs/General/Patrick_McConnell/2010/01/risk_managers_h.php

Something bad's happened
We have to add new controls
Oh! Happened again


[Next verse same as first
....
Next verse same as first]

* 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

]]> pjmcconnell 2010-01-30T00:42:56+00:00