Editor
WS&T
CISO
DrKW
VP, IT Controls
JPMorgan Chase
Director, Enterprise Risk Management
BearingPoint
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Greg MacSweeney Editor WS&T |
Mike Everall CISO DrKW |
Brian Mitchell VP, IT Controls JPMorgan Chase |
Sandeep Vishnu Director, Enterprise Risk Management BearingPoint |
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Wall Street Firms Focus On Vendor Risk (video)
Vendor risk is top of the mind for most Wall Street firms these days. In this video clip, Larry Tabb, CEO and founder of TABB Group, tells us how the credit crisis is changing the vendor landscape as financial organizations seek more stable larger vendors to align with. Still, when the market recovers, we will start to see more innovation, particularly from smaller independent vendors, Tabb says. Continue reading "Wall Street Firms Focus On Vendor Risk (video)" » AIG Plans to Revamp Compensation ModelAIG CEO Bob Benmosche plans to revamp the compensation model at the troubled insurer. The new model will rate employees on a 1 through 4 scale, with the top employees ranked as 1. The catch: only 10 percent of the bonus-eligible employees can be categorized as a 1, so expect a lot of anxiety at AIG as the new plan is rolled out. WSJ's Dennis Berman tells Simon Constable about a plan by insurer AIG to introduce four tiers of compensation for employees in this video clip. AIG and Backdoor Bailouts?WSJ's Dennis Berman tells Kelsey Hubbard about ongoing investigations into the bailout of AIG, including allegations of a coverup over payments made to some of the biggest banks who had exposure to the collapsed insurer. Was there a conspiracy to pay banks in full, but not make the news of the payments public? But the big questions: where was the Fed when AIG was writing the toxic contracts in the first place? Where was the oversight as AIG took on more and more excessive risk? Volcker Speaks Out On Financial Innovation (video)In this WSJ video, economic adviser Paul Volcker gives his views on financial innovation: "I hear about wonderful innovation in the financial markets. But I'll tell you too, credit default swaps and CDO's took us right to the brink of disaster. Were they wonderful innovations we want to create more of? You want boards of directors to be informed about all these innovative products, and understand them. I don't know what boards of directors you're talking about. I have been on boards of directors. The chances that they're going to understand these products that you're dishing out, or you're going to want to explain them, frankly, is nil. Wake up, gentlemen." Continue reading "Volcker Speaks Out On Financial Innovation (video)" »  |
