by Kiki Pentheroudaki
MiFID II is intended to regulate the use of automated trading to ensure a level-playing field for all market participants. In a two-part overview we will provide you with insight into how regulators are thinking. Part one focuses on the history of automated trading and MiFID’s proposals around market-making for high-frequency traders.
Automated or algorithmic trading is used by a wide range of market participants. Profits from high-speed…Continue
Added by Kiki Pentheroudaki on March 26, 2013 at 11:53am — No Comments
Self-Deception – Modeling “Unknown Unknowns”
Fundamental uncertainties derive from our…Continue
Added by Geary Sikich on March 25, 2013 at 12:06pm — No Comments
Added by Martin Davies on March 25, 2013 at 5:13am — No Comments
For all Risk Managers there is a must see Horizon TV program (http://www.bbc.co.uk/programmes/b01rhfmg - March 21 2013 – A Medical “Fix”)
Most Risk professionals tend to regard “checklists” as the minimum acceptable response suitable for primary school teachers on field trips (– I exaggerate!) Now this program highlights the fact that the mere Introduction of “Flight Checklists” as in the Aviation sector has revolutionized NHS…Continue
Added by David Slater on March 22, 2013 at 3:39pm — No Comments
Added by Cristin Riffle on March 21, 2013 at 8:42pm — No Comments
Lately, the "too big to fail" debate has intensified as if only now has an urgent need to find a scapegoat to slaughter emerged. Certainly, the numerous scandals and examples of gross mismanagement at financial institutions invite criticism and derision.
It is critical to have an intelligent and in-depth discussion about whether the top 12 U.S.…Continue
Added by MRV Associates on March 21, 2013 at 3:02pm — No Comments
A vendor risk management approach is all about creating centralized standards that transcend business silos, which is very different from the approach taken in traditional vendor management…Continue
Added by Steven Minsky on March 20, 2013 at 2:30pm — No Comments
Properly stress testing measures of risk is a complicated activity that few companies have done well. In this blog we take a look at a complete framework for stress testing.
The spreadsheet map can be downloaded from this […Continue
Added by Martin Davies on March 16, 2013 at 12:15pm — No Comments
I recently read an interesting article in my son’s school’s newsletter. It was a teacher of 28 years’ experience who for the first time in his career had another teacher sit in on a lesson with the purpose of self-improvement via a collaborative approach. In his words:
"So, after 28 years in the wilderness, I took the plunge this week and welcomed a colleague into the protected walls of my classroom. My colleague, many years younger, technologically savvy, and very cool, quietly sat…Continue
Added by Bryan Whitefield on March 14, 2013 at 7:00am — No Comments
Banks and the financial regulatory world have changed significantly since I started consulting and training on the Basel accords ten years ago. Unfortunately, the neglect of operational risk remains the same. …Continue
Added by MRV Associates on March 13, 2013 at 3:48pm — No Comments
All information technology essentially offers an abstraction from an underlying reality, enabling that reality to be understood in simpler, more human centric and hopefully better ways. Some abstractions are good; the early GUI notion of “documents”, “windows” and the “desktop” allowed early PC users to interact with a strange new tool. Some abstractions are simply bad and just confuse or get in the way (Microsoft Bob is a personal favourite)
Some abstractions such as Google’s…Continue
Added by Simon Clare on March 13, 2013 at 3:28pm — No Comments
With ESMA’s (European Securities and Markets Authority) regulatory technical standards (RTS) codifying the European Market Infrastructure Regulation (EMIR) into an applicable set of rules entering into force on 15 March 2013, the implementation timeline for EMIR has now become much clearer.
The CCP registration process
Under EMIR CCPs…
Added by Tom Riesack on March 12, 2013 at 3:42pm — No Comments
Risk management is not about absolutes, it is about using a consistent analysis framework for balancing risk and cost on a common basis across the enterprise. Yesterday's announcement by the Transportation Security Administration (TSA) of their adoption of a risk-based approach is a long awaited practical…Continue
Added by Steven Minsky on March 7, 2013 at 4:30pm — No Comments
Social media sites have become a hot bed for thought leadership on a range of topics including risk, audit and compliance. The article, "A new renaissance in risk management", captures the essence of those discussions and walks the reader through the future state of risk management.
This is an engaging article on the evolution of risk management and gives the reader…Continue
Added by James Bone on March 7, 2013 at 3:19pm — No Comments
The notion of authority for a CRO worries me a bit along the lines that the risk management function and internal audit should be separated.
I am more of the school that CROs sell benefits, facilitate better practices and influence good decision-making as…Continue
Added by Bryan Whitefield on March 5, 2013 at 12:18am — No Comments
A question from a client today kind of goes like this:
"Is it possible to plot three types of risk variables in one chart and if so, what kind of risk chart could we use to achieve this goal?"
This is an interesting query for sure and…Continue
Added by Martin Davies on March 2, 2013 at 6:30am — No Comments