Michael Zimits on Systematically Important Financial Institutions (SIFI)
April 24, 2012:
“The FSOC will ask for how non-exchange traded securities are valued, which includes the pricing models and inputs as well as an audit trail proving the source of the data. Knowing that the data is accurate will also go a long way to proving that any risk metrics you have offered are valid before you come up with the remediation. Among the other likely types of data that must be available on demand: executed orders, open positions, counter party and investor.”
Michael Hartig on the Volker Rule
February 24, 2012:
“Spinning off business lines, if necessary, can be just as difficult as merging them because of the interconnected operations and technology so firms must know which platforms they are using for which function and how to disconnect them.”
Michael Zimits on the Volker Rule
February 24, 2012:
“If the spun off entity shares trade processing technology with the portions of the firm that remain, then the spun off entity will either need to implement new technology or temporarily continue to use the original technology under an arms length service agreement. The same type of changes can exist with respect to facilities.”
Michael Hartig on Solvency II
November 18, 2011:
“An early top-down analysis of data and IT governance will help identify their gaps earlier and the time, resources and costs required to remediate them.”
Andrea Psoras in Bank Innovation
December 25, 2010:
Discussed how the role of auditors was overlooked in the financial crisis.
Paul Michaud on Chi-X Global Technology LLC adopting IBM’s high speed messaging technology
September 17, 2009:
“As more exchanges and the firms that trade on them seek to increase speed, reduce latency and ensure adequate capacity to succeed in the fiercely competitive and highly automated trading environment of the future, many are actively evaluating new systems to support these more demanding trading requirements. Implementing and fine tuning such new systems will require the expertise of financial technology specialists like IBM and Chi-Tech and the power of leading edge technologies such as IBM WebSphere MQ Low Latency Messaging.”
Paul Michaud interview with Fritz Nelson
Discussed ultra low latency messaging.
Michael Hartig on new options symbols
July 20, 2009:
“For a fund manager or brokerage doing only a handful of transactions such a scenario might not be financially troubling. However, for firms handling several hundred or thousands of orders a day, the results could easily be cost prohibitive representing millions of dollars worth of potentially lost revenues.”
Michael Hartig on ops crime committed by a Morgan Stanley Executive
July 20, 2009:
“Corporate actions provide a unique opportunity for fraudulent activity given the complexity, level of manual activity and reconciliation’s needed by broker-dealers between gross dividend payments received from issuing corporations and the individual payments credited or paid out to the customers of these broker dealers.”
Dave O’marra on buy side firms adjusting to new OSI requirements
July 16, 2009:
“Firms need to measure their readiness as they go along and use a formalized project manager to be accountable for the progress, or lack of, that may be happening.”
Larry Eisenberg in the Journal of Financial Stability
July 9, 2009:
Published a paper on the destabilizing properties of a VaR.
Michael Hartig served on the Symbology Committee
July 8, 2009:
Discussed interested rate options.
Van Hatziyianis discusses CDS on Bclear
April 7, 2009:
Discusses NYSE Life CDS.
Van Hatziyianis gives a counter party risk seminar
March 5, 2009:
Served as one of six panelist.
Larry Eisenberg in Journal of Risk
June 14, 2007:
Published a paper on the marginal price of risk with a VaR constraint.
