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News & Commentary
Content tagged with Risk Management posted in May 2013
How Can Firms Avoid the Next News Hoax? Voice Communication Over Automation
Commentary  |  5/31/2013  | 
Voice communications can make all the difference between falling for a hoax and dodging it.
Why Public Opinion Matters, Even For System Testing
News  |  5/30/2013  | 
As financial institutions face more and more regulations, public opinion can be swayed depending on how systems testing professionals respond to regulatory pressures.
Newedge Joins LCH.Clearnet's SwapClear
News  |  5/28/2013  | 
The multi-asset brokerage and clearing firms said Newedge US and Newedge UK will utilize SwapClear, the major clearing service for interest-rate swaps.
Five Key Risks for Firms in 2013
Commentary  |  5/28/2013  | 
While the detailed risks run by firms are unique, there are a series of high-level risks which all financial services firms, no matter what their sector or geography, need to consider.
EU Dark Pools Regs Blast Buy Side
News  |  5/28/2013  | 
The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
Making the Case for Automated FIX Certification
Commentary  |  5/24/2013  | 
Manual certification of FIX connections is no longer an option as exchanges are phasing in automated processes to improve testing ahead of new regulatory guidelines.
A Letter to Anadarko Regarding Its 'Flash Crash'
News  |  5/21/2013  | 
In response to shares of Anadarko Petroleum trading as low as a penny last week, Themis Trading raises questions to Anadarko about the stock's rapid descent in the context of the current market structure.
When Is Compliance A Competitive Advantage?
News  |  5/20/2013  | 
When compliance is working, it often goes unnoticed and flies under the radar. However, the value of a good compliance program is hard to measure.
Bloomberg Spygate Lights Up Twitter
News  |  5/17/2013  | 
News that Bloomberg allowed its reporters to access certain Bloomberg Terminal client data sent the Twitter world on fire. Then, news broke that Goldman Sachs and JPMorgan had contacted Bloomberg asking for an explanation, which fanned the flames. Here are some of the most interesting Tweets about the Bloomberg snooping scandal.
Code Red: Implement Controls to Protect Firm Twitter Accounts
Commentary  |  5/15/2013  | 
As we move headlong into a world driven by instantaneous news cycles, firms should take a step back to evaluate risks and set controls to prevent uncontrolled proliferation.
You Can’t Tweet the Market Lower
News  |  5/14/2013  | 
Many financial reporters spoke about the market's vulnerability in the wake of the Associated Press Twitter hack, but the real story should have been the market's resiliency, as benchmarks returned right to where they were before the rogue report hit.
Carrier Pigeon or Twitter Bird: The Evolution of Corporate Actions Messaging Efficiency
Commentary  |  5/13/2013  | 
The next evolution of corporate actions processing is underway, with an end goal of providing straight-through processing for industry participants and reducing the risks and costs associated with manual processes — while increasing efficiency through messaging automation.
New Regulations Rank as Top Risk — DTCC Survey
News  |  5/10/2013  | 
82 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.
Credit Suisse Sues Former VP Over Secrets
News  |  5/10/2013  | 
She took a job with rival Goldman Sachs and allegedly e-mailed customer files to herself. And now CS wants to stop her. Can they?
The Security Holes Investment Firms Are Ignoring
News  |  5/9/2013  | 
Hackers are becoming smarter, more resourceful and more brazen. Is your investment firm fortified against someone who has the power to bring your operations down?
Bitcoin Joins the Academy of Other Financial Market Bubbles
Commentary  |  5/7/2013  | 
While not as significant as bubbles in the housing market or Internet tech sector, the recent examples of bubbles in gold, Bitcoin and carbon are worth studying from a risk management perspective.
3rd Birthday of Flash Crash: Is the Stock Market Safer?
Commentary  |  5/6/2013  | 
Three years later since that catastrophic event, exchanges have eliminated stub quotes and implemented safe guards such as limit-up/limit down. But there's inertia on many other issues.
Dodd-Frank’s Third Anniversary: The IT Journey To Date
Commentary  |  5/3/2013  | 
The Dodd-Frank Act, which turns three in July, has created more questions for IT departments than it has answered.
HFTs Chase Speed Despite Risks and Regulations
News  |  5/2/2013  | 
Like an addict chasing the next high while evading their family, the police and reality, high frequency traders are in a similar state of denial.
Where's the Next Bernie Madoff Hiding?
Commentary  |  5/1/2013  | 
Wall Street isn't the only place the the next con man could be hiding; academia and other industries can also fall victim to data manipulation.

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