“We discovered that many firms were managing their trade execution expenses on Excel spreadsheets and were often incurring higher trading costs because of insufficient operational control and visibility,”

Retaliatory Cyberattacks. Michael Joseph Gross raises some fascinating, and disturbing, questions in “Silent War,” in the July issue of Vanity Fair Apparently drawing on extensive contacts in the rarified world of extremely talented hackers, and finding some corroboration from government and ex-government types, Gross recounts a consumer attack on ARAMCO that did a full wipe of the [...]

In many banks the analytics function is buried in marketing, said Bonalle. As an independent center at KeyBank, it has the chance to influence decision-making. The bank tests and controls for everything from new campaigns to new policies and incorporates the learning back in.

The gap between technologists and risk managers seems greater than ever in major banks, and Basel deadlines are approaching.

In a low-margin environment banks cannot afford to run expensive legacy systems — new banks will eat their lunch, but they don’t seem to realize it, or can’t see a solution. New platforms can readily offer wealth management and PFM from smartphones.