Associate Partner - Strategy - Operational Risk & Data Governance

Boosting Your In-House Big Brother May Stop Employee Crime

I recently opened a work email with the subject line: “time to upgrade your computer.” I knew that I was due for a replacement laptop and was very relieved to see that someone was taking care of it, at last. But it took only moment for me to realize that I had been caught by […]

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Trade Surveillance: Advice for banks in today’s environment

  There was a time when Rogue Trading was the key risk that banks had to protect themselves and their clients from. Remember Nick Leeson who brought down the House of Baring Capital? Then came everything else. Analysts pushing zombie stocks to clients. Traders shorting assets being sold to clients. Extreme leverage. Anti-Money Laundering. Interest […]

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Seven Traits of Effective Risk Management

Whatever technologies and complex risk management processes a bank has put in place, nothing will work without an effective risk governance framework being adopted. These days it is not enough for banks and other financial services companies to merely take risks. Firms must calibrate their risks and monitor them as much as they project return […]

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‘The Big Short’ Revisited

Towards the end of the just-released movie “The Big Short”, the narrator goes through a brief list of events that have not taken place since that time — including, most notably, the arrests of multiple leading players involved and the down-sizing of large banks. While that may not have happened, a number of positive changes […]

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Making a Dent in Data Quality

So we have this relatively new function: Data Governance. And we have this new C suite member: the Chief Data Officer. The CDO is beating the drum about Data Quality but is anyone in the business really paying attention? It isn’t yet clear. The regulators are busy issuing MRAs (Matters Requiring Attention) for poor data […]

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