Actually, that's not a bad article
Trouble is trading is running a lot of Markets operations in complex derivatives and traders get well f**ked off if back & middle office can't keep up; they see them as a drag on the business of making shedloads of money. Risk models are probably generally very good, but risk control lags behind (as trades will be booked in a variety of spreadsheets with only rudimentary tools to bring it all together). And I'd wager that *no* organisation has any idea of their operational risk, although they'll be aware that it exists (but, f**k it, just employ more people to do payments processing ...)
Posted By: BerlinCanary on September 11th 2006 at 20:45:25
Message Thread
- Conks, you big gay. (General Chat) - Stoopish, Sep 11, 19:49:52
- Been a while since I looked at this sort of stuff..... (General Chat) - MrMorrers, Sep 11, 22:14:27
- Actually, that's not a bad article (General Chat) - BerlinCanary, Sep 11, 20:45:25
- there are some absolute cunts upstairs at banner (n/m) (General Chat) - lurd, Sep 11, 20:00:42
- You met James Newell yet? (General Chat) - conker, Sep 11, 19:58:52
- oh, and I searched for you on email (General Chat) - Stoopish, Sep 11, 20:13:36
- no, I have met (General Chat) - Stoopish, Sep 11, 20:08:40
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