Greenspan discovers Garbage in, Garbage Out.
Who'd have thought that if you push bad market data into your risk models, you don't get any good results out of the calculations?…
Unstructured Data Management Anyone?
Good example on Finextra this week of another spreadsheet debacle, this time involving Barclays and Lehmans (see article).
Not sure when the financial markets will get serious about managing unstructured data and spreadsheet usage. We can all apply Enterprise Data Management until the cows come home, but if the “real” business is being managed in spreadsheets then really why bother with grand aims like EDM?…
Regulators and the law of unintended consequences
Interesting article in the FT fund management supplement on Monday, talking about some research Goldmans have done on the recent performance of US stocks that have a large percentage of their market cap owned by hedge funds.
It seems that hedge fund redemptions and deleveraging is having a strong effect on stock performance.…
Sue the VaRists!
I have just come across an interesting post by Nassim Nicholas Taleb (author of the Black Swan). Taleb thinks that everyone involved in promoting Value at Risk (VaR) as a valid risk management tool should be sued by investors who have lost money in the current financial crisis.…
Time for System Regulation?
In these difficult times, it’s clear there are a lot of questions currently being asked about corporate systems infrastructure and why it has failed to deliver on the needs of the business in times of crisis, just when it was needed most?…
Transparency for troubled times
I came across this pair of quotes on a google search, bringing data management into the context of the current financial crisis:
"Where is the wisdom? Lost in the knowledge. Where is the knowledge? Lost in the information." – T.S. Eliot
"Where is the information?…
Here today. Where tomorrow?
These may be the words on the lips of many bankers today, as they survey the continuing turmoil in global financial markets. In fact, this was the incredibly apposite tagline on a recent magazine advertisement for a major bank which (maybe unsurprisingly) was subsequently nationalised.…
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