See things clearly

June 2012 Blog Posts (2)

Technology risk and governance

“Technology Risk Management Guidelines”, is a research paper published by The Monetary Authority of Singapore.


The objective of the guidelines is, “to promote the adoption of sound processes in managing technology risks and the implementation of security practices”, in regulated financial institutions.


Although the…


Added by Fergus Cloughley on June 29, 2012 at 3:53 — No Comments

Is the financial system becoming too complex to depict?

As I walked away from the bank HQ 6 years ago, Han Solo’s famous Star Wars quote came to mind,

“I got a bad feeling about this”

During the meeting I’d just attended, a manager from the bank had explained how some transactions with other financial institutions occurred.  The transactions were very valuable, worth millions of pounds, and happened regularly.  To paraphrase,

“...basically, traders transact deals, each using their own…


Added by Paul Wallis on June 14, 2012 at 5:04 — No Comments

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