Operational risk

SIAC Says SFTI Passed Blackout Test

NEW YORK - Officials of the Securities Industry Automation Corp. (SIAC) report that its Secure Financial Transaction Infrastructure (SFTI) network in greater New York went uninterrupted during the August 14 blackout that hit North America.

The dilemmas of risk disclosure

Barry Schachter discovers that the path towards a workable structure for hedge fund quantitative risk disclosure is very narrow. Bad news for the post-LTCM lobbyists

Fed to change supervision structure for Basel II

The Federal Reserve Bank of New York will change the way its supervisory departments are structured in order to implement Basel II, William Rutledge, executive vice president of the banking supervision group and a member of the management committee at…

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