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News & Commentary
Content tagged with Risk Management posted in November 2012
Soft Dollars May Put Buy Side At Odds With Investors: Report
News  |  11/29/2012  | 
The use of soft dollars may prevent investors from getting the full benefit of everything they're paying for, according to Woodbine Associates.
A Toast to Mary and 10 Suggestions for the New SEC Commissioner
Commentary  |  11/29/2012  | 
Mary Schapiro's efforts to clean up our marketplace are her legacy.
Basel Committee Won't Delay Jan. 1 Rules Implementation — Head
News  |  11/27/2012  | 
The introduction of stricter capital rules for banks will go ahead as planned on Jan. 1, the head of the Basel Committee at the Bank of International Settlements told Reuters on Tuesday.

Spurred By Crisis, Euro Zone Is Shaping Up Study
News  |  11/26/2012  | 
The euro zone is turning into a more balanced and potentially more dynamic economy thanks to market pressure and the constant demand for structural reforms, a study showed on Monday.

Knight Capital Sets the Record Straight on Algo Testing
News  |  11/21/2012  | 
With more attention on how trading algorithms are tested following the August software mishap, Knight Capital's Brendan McCarthy opens up about the firm's vetting procedures.
New York Sues Credit Suisse Over Mortgage Securities
News  |  11/21/2012  | 
New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed securities.

New York Sues Credit Suisse Over Mortgage Securities
News  |  11/21/2012  | 
New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed securities.

Surveillance and Monitoring Through the Looking Glass
Commentary  |  11/21/2012  | 
Looking ahead to 2013, European regulations are stepping up the need for automated surveillance and monitoring solutions on the buy side, writes SunGard Protegent's, Magnus Almqvist, who says firms must have audit trails and quick answers to questions on suitability and personal dealing.
U.S House Committee Blames Everyone For MF Global's Collapse
News  |  11/15/2012  | 
Regulators, credit rating agencies and MF Global itself were all to blame for the brokerage's collapse last year, a U.S. congressional committee found.

DTCC Finds 1.3 Mln Soaked Securities in Sandy-Flooded NY Vault
News  |  11/15/2012  | 
The Depository Trust & Clearing Corp., which processes financial transactions and stores securities, has begun the long process of recovering about 1.3 million soaked securities that were stored in a 10,000-square-foot underground vault in a lower Manhattan skyscraper flooded by Superstorm Sandy.

Technology Fragility Threatens Markets
Commentary  |  11/15/2012  | 
Despite disaster recovery and business continuity plans that were implemented after Sept. 11 and then enhanced following the Northeast blackout in 2003, Hurricane Sandy has upped the DR/BC bar once again.
SEC Intensifies the Knight Probe and Shifts Focus to Risk Controls
Commentary  |  11/14/2012  | 
The regulatory investigation of Knight Capital's trading glitch on Aug.1 could turn into a lesson for Wall Street on how the regulator will enforce the new market access rule.
Goldman Chief Outlines Risky Asset Reduction Under New Rules
News  |  11/14/2012  | 
Goldman Sachs Group Inc would have $728 billion in risk-weighted assets under yet-to-be-implemented Basel III capital rules, 67 percent more than the investment bank has under current regulations, Chief Executive Lloyd Blankfein said on Tuesday.

Glitch Prevents Trade In Over 200 Stocks On The NYSE
News  |  11/14/2012  | 
NYSE Euronext suspended trading in over 200 stocks on the New York Stock Exchange on Monday due to a technical problem with a server, although the stocks in question continued trading on other markets.

Investor Behavior Is At Odds with Goals, Says State Street Think Tank
News  |  11/12/2012  | 
Only one third of investors believe their primary investment provider is acting in their best interest, according to a study by State Street's Center for Applied Research.
DDoS Attacks on Financial Industry: Ignoring Them Won’t Make Them Go Away
Commentary  |  11/9/2012  | 
After more than a decade of DDoS attack evolution, the information security profession employed by banks, is still is not equipped to deal with the problem, argues Jeffrey Lyon, president of Black Lotus.
SEC Charges Hedge Fund With Hiding Mortgage-Backed Securities Losses
News  |  11/9/2012  | 
The regulator says pension fund investors were among those burned by Commonwealth Advisors' fraudulent scheme.
Wall Street Left To Rebuild Obama Ties After Backing Romney
News  |  11/7/2012  | 
Wall Street firms gambled on Mitt Romney and lost.

For Global Investors, Fed Relief Trumps Fiscal Angst After U.S Poll
News  |  11/7/2012  | 
The world's biggest investors expect a modest fillip for global bonds and stocks from the re-election of President Barack Obama, as anxiety eases over White House policy toward the Federal Reserve and China.

2012: Year of the Busted Broker and Buy Side Trader
Commentary  |  11/6/2012  | 
It was a bad year for brokers and the buy side but it was a wonderful time to be a cold-eyed observer.
5 Ways to Restore Confidence in Technology for Capital Markets' CTOs
Commentary  |  11/6/2012  | 
In the wake of recent technology glitches, Greenline's President Josh Tolman sets priorities for chief technology officers to safeguard their systems and avoid future breakdowns.
Did PwC's Role as Auditor Rubber Stamp MF Global's Internal Controls and Allow it to Raid Customer Funds?
Commentary  |  11/5/2012  | 
PricewaterHouse Coopers was added to a lawsuit by MF Global Customers, which accused it of turning a blind eye to the firm's internal controls.
Capital Markets Outlook 2013: On Guard Against Hacktivists
News  |  11/5/2012  | 
Banks must keep hacktivists from penetrating their systems, potentially gaining access to highly confidential data, disrupting service and causing thousands of dollars in lost business, as well as huge damage to a firm's reputation.
UBS Shakes Up Investment Bank Management
News  |  11/5/2012  | 
The new head of UBS's investment bank has stamped his mark on the division with a management reshuffle, days after the Swiss bank said it was pulling back from fixed income trading and cutting 10,000 jobs.

Scope of Sandy's Devastation Widens, Tempers Flare
News  |  11/2/2012  | 
Four days after superstorm Sandy smashed into the U.S. Northeast, rescuers on Friday were still discovering the extent of the death and devastation in New York and the New Jersey shore, and anger mounted over gasoline shortages, power outages and waits for relief supplies.

7 Wall Street Institutions Slammed By Hurricane Sandy
Slideshows  |  11/2/2012  | 
As Hurricane Sandy battered the North East leaving a trail of death and destruction in New York and New Jersey, Wall Street banks suffered varying degrees of damage. We take a look at seven financial institutions that were slammed by Sandy.
Sandy Costs NYC $200 Million A Day in Economic Damage
News  |  11/1/2012  | 
The aftermath of super storm Sandy is costing New York City up to $200 million a day in permanently lost economic activity, including everything from the sale of pizza slices to corporate mergers and other Wall Street deals, the city's comptroller said on Wednesday.

Sandy's Hit Is Hard To Gauge For Economists
News  |  11/1/2012  | 
Massive storm Sandy could slow growth in the already weak U.S. economy to as little as 1 percent in the fourth quarter.

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