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News & Commentary
Content tagged with Risk Management posted in February 2013
London Whale Didn't Cause Lehman Bankruptcy, JPMorgan Says
News  |  2/28/2013  | 
The former JPMorgan Chase trader known as the "London Whale" was not responsible for Lehman Brothers' bankruptcy and should not be dragged into an $8.6 billion lawsuit.
Risk Vs Innovation: 5 Steps To Finding the Right Balance
News  |  2/28/2013  | 
With low budgets and low tolerance for risk, firms that want to forge ahead need to strike the right balance between innovation and risk.
Finally the Right Time for Swap Futures
News  |  2/27/2013  | 
While swap futures in the past have not gained traction, the market environment today is ripe, as there is impetus for firms to adopt risk-equivalent, low-cost alternatives to cleared swaps.
Goldman Sachs, JPMorgan Slash Workforce
News  |  2/26/2013  | 
The Yin and Yang of Wall Street, Jamie Dimon and Lloyd Blankfein, will cut their workforces by 20,000 and 4,000 jobs respectively.
Ex-Goldman Sachs Prop Traders Fail At Hedge Funds
News  |  2/22/2013  | 
Benros Capital joins the list of hedge funds run by former prop traders at Goldman Sachs to bite the dust. Wasn't this the reason the banks paid those bonuses during the bailouts?
Wealth Managers' Mobile Disadvantage
News  |  2/22/2013  | 
Sluggish adoption of the technology keeps financial advisers a step behind mobile-savvy customers.
Rebuilding Trust in Our Markets in the Year Ahead
Commentary  |  2/21/2013  | 
While regulators focus their efforts on automated or manual exchange-level risk management, firms should ensure that they have proper processes in place to manage risk from their own perspective in order to avoid the pain of repeating notable — and possibly avoidable — mistakes.
Some Questions for the SEC on the New MIDAS Surveillance Plans
Commentary  |  2/21/2013  | 
Although the SEC's plans to monitor market activity through MIDAS are important, is the commission still over matched against the HFT community?
Oracle Financial Services Introduces New Enterprise Model Risk Application
News  |  2/21/2013  | 
New product for model risk helps financial institutions meet regulatory demands.
Finding Alpha in the New Normal
Commentary  |  2/21/2013  | 
Adapting to the new normal of the equity markets, diversifying into other asset classes, and confidently managing the risks for healthy returns can be achieved by understanding, managing and analyzing data.
Corzine Faces Lifetime Trading Ban
News  |  2/21/2013  | 
The former Master of the Universe might be banned from futures trading in the wake of the (suspicious) MF Global collapse.
SEC Weighs Fixes after Trading Technology Debacles
News  |  2/20/2013  | 
Exchanges and other trading platforms would have to perform tests to prevent software errors from unleashing havoc on the market under proposed rules being crafted by regulators.
Battling Ponzi Schemes and Snake Oil Salesmen
News  |  2/20/2013  | 
What can the CFTC do to prevent future cases of blatant fraud, as well as the losses, similar to cases like MF Global and Peregrine Financial Group? Andrew Waxman offers some risk management techniques regulators should consider.
The Start of Another Financial Crisis
News  |  2/19/2013  | 
It's a deja-vu: the stability of the global markets could soon be under threat due to a looming crisis in the derivatives industry.
Justice Department Works On New Model To Prosecute Banks
News  |  2/19/2013  | 
Banks have been getting off too easily. Now, the government is pushing to make them accountable for any wrongdoing.
Hedge Funds Run By Women Continue to Profit
News  |  2/19/2013  | 
Alternative investment funds that have a woman at the helm are happy to leave the reckless risk to their cowboy counterparts, a new study finds.
Best Reactions To Obama's Cybersecurity Executive Order
News  |  2/15/2013  | 
Is President Obama's executive order on cybersecurity causing hackers to shudder and financial institutions to breathe a sigh of relief? Here are some of the top reactions on the web to this controversial bill.
As Profits Plummet 82 Percent Last Year, Getco Still Wants Knight Capital
News  |  2/15/2013  | 
The high-frequency trading firm is bullish on 2013 as it pursues Knight Capital Trading and unveils plans for a new "mid-frequency" market making system.
Morgan Stanley Lifts Risk-Weighted Asset Reduction Target
News  |  2/14/2013  | 
Morgan Stanley expanded its risk-weighted asset reduction target, a move that will help the Wall Street bank's capital levels under new rules and potentially boost shareholder returns.

5 Risk Indicators that Led to the Mortgage Mess
News  |  2/13/2013  | 
A civil lawsuit by the Justice Department against Standard & Poor's shines a light on faulty ratings. But savvy traders at Goldman and Paulson & Co. saw early warning signs of the mortgage crisis in 2006 and 2007.
McGraw-Hill Says Doesn't Think Government Can Prove S&P Case
News  |  2/12/2013  | 
McGraw-Hill Cos Inc, which is being sued by the U.S. government for bond ratings issued by its Standard & Poor's unit, reported a surge in quarterly adjusted profit and said it does not believe the government can prove its case.

Canada Wealth Managers See Shift to Equities in 2013
News  |  2/11/2013  | 
Buoyed by rising global stock markets, Canadian asset managers are increasingly certain that 2013 will be the year that investors who were burned by the financial crisis make a return to equity-linked products.

Currency Sparks Rekindling Volatility
News  |  2/11/2013  | 
Sudden swings in currency rates are refiring measures of future global markets volatility, pushing these risk gauges back towards what some will see as more realistic and even healthier levels.

Financial Firms Overhaul Data Management Strategies
News  |  2/11/2013  | 
As capital markets organizations focus on ways to reduce risk, data management is receiving a top-to-bottom makeover.
Mexico Revamps Infrastructure to Compete on the Global Stage
Commentary  |  2/6/2013  | 
Latin America as a whole is demanding a lot of attention at the moment, but, argues Alice Botis, Head of Latin American Business Development at Fidessa, it’s critical to recognize the individual nuances of each country. Here, she throws the spotlight on Mexico.
Price Manipulation Risk – The Big Unknown
News  |  2/5/2013  | 
Despite efforts to strengthen controls, the Libor scandal and recent valuation problems with JP Morgan's "London Whale" trade point out that banks still have exposure to price manipulation risk.
MF Global Customers to Get Most of Their Money Back - Freeh
News  |  2/4/2013  | 
Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.

New Measures to Lift Veil on Banks' Capital Ratios
News  |  2/4/2013  | 
The game may soon be up for banks that have made themselves look healthier by understating how risky their businesses are, which should help pension funds, savers and companies to decide which institutions to invest in.

MF Global Customers to Get Most of their Money Back - Freeh
News  |  2/4/2013  | 
Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.

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