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February 2009 Blog Posts (27)

Lean Six Sigma Certification Programs from Computer Society of India and KINDUZ

Dear Prospective Participant,

Computer Society of India in collaboration with KINDUZ is pleased to announce Lean Six Sigma Certification Programs for professionals across all industries in India.

The certification programs for March and April 2009 include:

• Lean Six Sigma Black Belt Certification Program

For program outline visit:… Continue

Added by CSI Hyderabad Workshops on February 25, 2009 at 1:57am — No Comments

R/Finance 2009: Applied Finance with R

The first annual R/Finance conference for applied finance using R , the premier free software system for statistical computation and graphics, will be held this spring in Chicago, IL, USA on Friday April 24 and Saturday April 25.

Assembled to talk over the two days are some of the industry's most recognizable authorities within the world of R and quantitative finance.

R/Finance 2009 is organized by a leading group of R package authors and community contributors, and hosted… Continue

Added by John A Morrison on February 24, 2009 at 3:21am — No Comments

European Regional Meeting of the International Society for Business and Industrial Statistics

EURISBIS’09

European Regional Meeting of the International Society for Business and Industrial Statistics

with special emphasis on

Quantitative Methods for Banking and Finance,

Environment, Quality of Services for SMEs, Transport and Tourism

Cagliari, Italy, May 30 – June 3, 2009

http://www.eurisbis09.it

Added by John A Morrison on February 24, 2009 at 12:56am — No Comments

The Case for Fully Integrated Models of Economic Capital

By Alexander McNeil, Professor, Maxwell Institute for the Mathematical Sciences, Edinburgh EH14 4AS, UK, Axel Kirchner, University of Edinburgh and Gavin Lee Kretzschmar, University of Edinburgh - Accounting and Finance

Economic capital models are potentially powerful tools for enterprise risk management (ERM), and for the supervisory review process (Pillar 2) of the Basel II and Solvency II regulatory capital frameworks. We argue that, to fulfill this potential, economic… Continue

Added by John A Morrison on February 24, 2009 at 12:30am — No Comments

Twittering to find a Job?

Looking for a new job? Try Twitter yet? I would ask if anyone is Twittering to find their next job, but it appears the answer is an overwhelming "yes". I just recently built out a Twitter page for JTL Services, Inc. and have already quickly gotten a few followers - pretty cool!

For those job seekers who are skeptical at adding another online social-type network to their eBranding arsenal, let me provide you some quick and easy to understand feedback.

From a job searching… Continue

Added by Jeff LeFevre on February 23, 2009 at 2:10pm — No Comments

Resume Pirating on the Rise

Let me ask you a question. Is it a good thing for someone to call you and say “hey I got you an interview at XYZ Company?” Well that would depend on whether or not you know that person and gave them the OK to send your resume. I have heard more complaints of job candidates resumes being downloaded from popular sites such as Monster and Careerbuilders and being sent to companies unbeknownst to them more than ever. It has always been an issue but not to this degree. Desperate times seem to bring… Continue

Added by Jeff LeFevre on February 20, 2009 at 11:15am — No Comments

What Happened to the Quants in August 2007

In June of 2007, the assets of two funds managed by Bear Stearns were seized and sold by a number of lenders to the funds, including Merrill Lynch. These assets of the BS funds were collateralized debt obligations, or CDOs, Many of the CDOs the Bear Stearns funds had were backed by mortgage securities.

The Bear Stearns events of the summer of 2007 still looked to the global markets as if the were US specific at that time, it was not until the BNP Paribas issues that the problem… Continue

Added by John A Morrison on February 19, 2009 at 1:11am — No Comments

Job Seeker have to practice their pitch

There are a many things that job seekers can do to find a new job. The most important part of that job seeking process is the actual job interview. Recently, I wrote about showing enthusiasm on the interview and how that can help you stand out amongst other job applicants. I am also one who believes in the old cliché, “practice makes perfect”. Common sense as well as my years of recruiting experience have repeatedly shown that if a job seeker is going to land a new job , they better prepare for… Continue

Added by Jeff LeFevre on February 17, 2009 at 12:35pm — 1 Comment

Get your resume noticed.

Now almost more than ever, with the Internet as it's backbone, resumes are flowing in tsunami fashion across hiring manager's and recruiter's desks. What can you do to get yours noticed? That is the $64,000 question. Be smart is my short answer.

If you look at some of the results out there in terms of resume uploads from places like Theladders.com, dice.com, monster.com and Careerbuilder.com, there are collectively well over one million resumes uploaded in the last month alone. Talk… Continue

Added by Jeff LeFevre on February 16, 2009 at 5:03am — No Comments

Recession Proof Jobs?

Wow, I am somewhat astonished at how bad things are progressing with our economy. The S&P under 800 today. Goodness. The Dow and NASDAQ appear to be at a free-fall and are now at levels we haven't seen in nearly a decade. We Americans took it square on the chin big time. The wealth stripped from a great majority of us Americans is staggering at this point. This recession seems to be bridging into a depression. We are all in this together for certain. Put your seat belts on and please, plan… Continue

Added by Jeff LeFevre on February 15, 2009 at 11:09am — 2 Comments

Microsoft offers a $250K reward to catch the operator of a very fast growing botnet

by Mark Hachman

Microsoft, several security firms, and members of the academic community came together Thursday to try and develop a coordinated plan to halt the spread of the Conficker worm, also known as Downadup.

Microsoft announced a $250,000 reward for information leading to the arrest and conviction of the Conficker author or authors, available to anyone in any country, subject to local laws. Meanwhile, a group of security companies pledged to work together to… Continue

Added by Vincent Granville on February 13, 2009 at 4:00pm — No Comments

The UK Treasury Select Committee Hearings - Its All about Stress Testing

Really, it is all about Stress Testing, Financial Predictive Analytics; its about time the Banking System faced the issue square in the face and got on with it, they have taken long enough with 'delay worry and expense'! See this essay discussing the hearings.

http://bankingeconomics.blogspot.com/2009/02/treasury-select-committee-hbos-and-rbs.html

Comments welcome.

Added by John A Morrison on February 12, 2009 at 9:30am — No Comments

W R A P 2.0 - Wiki Risk Assessment Process 2.0 Collaborative Risk Transperency

The WRAP Approach

The WRAP creates a global community of expert modelers and modeling resources dedicated to unlocking today’s credit and structured asset markets through an open, transparent and collaborative process for valuing and risk-assessing non-government credit securities and related instruments and contracts such as CDOs and credit derivatives.

By tapping the ‘Wisdom of the Crowd’, we believe that the WRAP can introduce a level of transparency and peering to… Continue

Added by John A Morrison on February 12, 2009 at 3:03am — No Comments

Interoperability: the great enabler: The Financial Times by Michael Schrage

The writer researches the economics of innovation at MIT’s Sloan School and at Imperial College’s Business School

Here is a quote from the article;-

" .... as interoperability becomes the technical locus of innovation strategy worldwide, regulators may feel compelled to enshrine, loosen or shatter market standards. Interoperability standards can create, or destroy, innovation oligopolies and monopolies. Interoperability represents a challenge to competition policies in… Continue

Added by John A Morrison on February 12, 2009 at 2:42am — No Comments

The American Chamber of Commerce in Luxembourg - "Shaping the Future of Regulation"

The American Chamber of Commerce in Luxembourg (AMCHAM) - "Shaping the Future of Regulation"

The Financial Services Committee of AMCHAM and the Luxembourg Association for Risk Management Professionals (PRiM) are jointly organizing a top class seminar on the subject of "Shaping the Future of Regulation" on March 10, 2009, at 18:00 at BGL Societé Anonyme, 50, Ave. J.F. Kennedy, L-2951 Luxembourg.

Speakers include Mr. Yves Mersch, Governor of the Banque Centrale du… Continue

Added by John A Morrison on February 12, 2009 at 1:47am — No Comments

The Argument for Community Open Source in Financial Predictive Analytics.

The Central Banks, Universities, Software Vendors, individual developers and consulting firms are constantly publishing papers in the public domain about how to do modern risk management, most of these model risk management in R. There is no question that in general black box proprietary closed source predictive analytics have failed the banking industry and thus society through this crisis period. The detailed evidenced argument that the manner of implementing risk analytics is already done by… Continue

Added by John A Morrison on February 8, 2009 at 10:39pm — No Comments

Seminar: Centre for Financial Markets (CFM) Smurfit School of Business: University College Dublin

The paper is to be given by Massimo Guidolin (University of Manchester):

"Regime Shifts in Empirical Pricing Kernels: A Mixture CAPM"

Thursday February 12 between 2-3.15pm at the Smurfit School of Business, Carysfort Avenue, UCD. The venue for the paper is Room N203.

Details for the speaker are available at…

Continue

Added by John A Morrison on February 8, 2009 at 9:00pm — No Comments

Basel II - Flawed and Procyclical or Just Mis-understood and Un-Implemented?

What are we doing when we are modelling risk from a banking supervision perspective?

Consider the capital adequacy ratio of the banks in a simple arithmetic equation; CAR = (Tier 1 capital + Tier 2 capital)/Risk-weighted assets, OK? Government policy strategies increase bank solvency, but in different ways. Capital injections increase the numerator of the CAR, asset guarantees decrease the denominator, and asset purchases decrease the denominator. That is focusing on Pillar One of… Continue

Added by John A Morrison on February 7, 2009 at 8:30pm — 1 Comment

Sargels Toolbar- Financial Information Solution

We received in the last few days many personal emails from new users of Sargels Toolbar as well as those who interested in it, questioning what is Sargels is all about. Because of that we decide this post won't talk about the features of Sargels but on Sargels itself. This is a pauza from reviewing and instead giving an overview picture.

Sargels Toolbar is a free toolbar, based on light platform, giving you a collection all the financial information on the web (while the vast majority of… Continue

Added by Erez Attiya on February 6, 2009 at 3:07pm — No Comments

BarCampBankLondon2

I would really like to go to this event but I cannot unfortunately, I think the idea is just what is required right now;-

http://barcamp.org/BarCampBankLondon2

I must say the version to be held in Edinburgh in March seems to have its priorities in the right order, focussed on the Scotland / Ireland rugby match!

Added by John A Morrison on February 5, 2009 at 4:42am — No Comments