News

Spreadsheet control and contagion

Just caught saw a reference on LinkedIn to this FT article "Finance groups lack spreadsheet controls". Started to write a quick response and given it is one of my major hobby-horses, I ended up doing a bit of an essay, so I decided to post it here too:

"As many people have pointed out elsewhere, much of the problem with spreadsheet usage is that they are not treated as a corporate and IT asset, and as such things like testing, peer review and general QA are not applied (mind you, maybe more of that should still be applied to many mainstream software systems in financial markets…). …

Mediobanca Selects Xenomorph’s TimeScape for Enhanced Data Management for Risk

NEW YORK AND LONDON AND SINGAPORE – March 25, 2013.

Xenomorph, the analytics and data management solutions provider to global financial institutions, announced today that Mediobanca, the leading investment bank in Italy, has selected its TimeScape management system to further enhance Mediobanca’s risk management processes through automated data validation and improved data quality.…

Regulating the same

Thanks to one of my PRMIA colleagues for pointing out this article in the WSJ, talking about how regulatory driven stress testing in the US is promoting conformity and reducing innovation in approach to risk management. Echos some posts from last year on regulation increasing risk and diversity of regulation.…

Asset Management CRO Views on Risk

Notes I took from a recent Oliver Wyman sponsored PRMIA event in New York, who brought together a panel of senior managers and CROs from leading asset management organizations to discuss the role of risk management for asset managers, specifically the types of governance and controls necessary to safeguard client's assets in the current macro environment.…

Xenomorph Adds Risk Factor Management Module to TimeScape

LONDON, NEW YORK AND SINGAPORE – March 4, 2013.

Xenomorph, the analytics and data management solutions provider to global financial institutions, today announced the release of a new Risk Factor Management module for TimeScape. The enhancement enables risk managers to implement more robust oversight of the underlying risk factors driving their risk models.…