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Financial Services Regulation & Supervision (the future): Transparency Analytics and Big Data


Gillian Tett put me onto this topic in this article in the Financial Times; she set me thinking as she usually does and a google search turned up some interesting stuff. As I do on some pages here on asymptotix & over on my technical blog on Analytic Bridge, I share the benefits with you of my experienced filter and select the best of the material as references for you to use but this process also creates a repository of useful references for me! Anyway here are some references to some people doing some important thinking about the uses of Big Data and thus the Analytics thereof in the future of Financial Services supervision and regulation; all progressing towards that ‘Transparency’ nirvana.

Gillian Tett, FT: America’s six key lessons for a ‘euro Tarp’

For Gillian there are at least six key points, of which the last is good, which Europe needs to consider:

Gillian Tett on Social Media Etiquette




Gillian Tett, Financial Times - Road map that opens up shadow banking

On the 18th of November Gillian Tett, a British author and award-winning journalist at the Financial Times, where she is an assistant editor overseeing the FTs global financial markets coverage, published a market insight on a road map that opens up shadow banking. She wrote:

Gillian Tett, FT: Hollywood's credit crunched

When I was growing up, I often wondered how it would feel to appear in a Hollywood movie. It never seemed very likely: I have spent my career first as an academic, studying the anthropology of marriage rituals in the remote mountains of Tajikistan, and then as an FT journalist, writing about equally specialist subjects such as Japanese banking and collateralised debt obligations (CDOs).

Anniversary of the Lehman collapse! WRONG ANNIVERSARY!


a blueprint of crisis


This seems to be a moment of reflection, 9/11 will 'until the end' do that for me, at this time of year. But I don't believe that the anniversary of the Lehman collapse is the right anniversary to ruminate on the catastrophe in financial markets. Right time of year maybe, just wrong year! For anyone who has had 'line of sight' on credit markets and the other related markets for as many years as I have, the game was up in September 2007! The anniversary is the boxing gloves between Bear Stearns, Merrill Lynch and Paribas in August 2007. From then on it was a one-way trip, the scariest moment being the concerted action of the central banks on 12th December 2007 and again on Christmas Eve. Mostly the news media was reporting nothing at that time, it was only screen-staring nerds like me who could see what was going on. The Lehman event is only the public 'tip of the iceberg'. It had all gone horribly wrong a year earlier. 

As part of some advisory work at the time I prepared a diary of the cataclysmic events of the period of late summer / fall through to year end of 2007; the events in the global credit markets and markets for bank-equity I mean. This diary is almost daily, it illustrates just how precipitously quickly contagion flows through the banking system globally from credit markets concerned about assets to inter-bank liquidity and ultimate reckoning. 

I am re-posting this here in the hope it may be useful.

Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe

Gillian Tett Fools GoldThis is an edited extract from ‘Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe’ by Gillian Tett. It is published this week by Little, Brown, £12.99, http://www.littlebrown.co.uk/Title/9781408701645 and in mid-May by Simon & Schuster in the US.

Gordon Gekko

Financial Times  Insight, by Gillian Tett. Where is Gordon Gekko when you really need him? That is a question many financiers might ask right now. In recent days, politicians on both sides of the Atlantic have railed against the antics of “greedy” speculators – and vowed to clamp down on unbridled risk-taking.

FT Insight: US is ready for Swedish lesson on banks

By Gillian Tett, The Financial Times, March 12, 2009. Next week, Bo Lundgren, the head of Sweden’s debt office who played a central role in resolving his country’s banking mess in the early 1990s, will embark on a striking mission.

Washington’s Congressional Oversight Panel has summoned Mr Lundgren and others to explain how they fixed Sweden’s banks – presumably to glean tips on what Washington should do next.

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