Thursday, November 12, 2015
Monday, December 23, 2013
Banks must 'significantly upgrade' IT systems for risk compliance...
Banks must 'significantly upgrade' IT systems for risk compliance, says Basel Committee. Progress report reveals a third of major global banks will miss deadline.
At a financial management event last month, HSBC's chief data officer Peter Serenita warned that no financial firm has implemented data management as 'business as usual', despite regulatory demands around risk reporting.
Banks are unable to adequately assess financial risk due to delays in upgrading IT systems, according to the Basel Committee on Banking Supervision.
The committee, which consists of a number of international regulation authorities, released guidelines in January aimed at improving bank IT systems which were deemed “inadequate” for identifying risk following the global financial crisis. Banks designated as critical to global financial stabilityare expected to meet the committee’s requirements to improve systems by 2016.
A progress report released yesterday highlighted that only 10 of the 30 banks surveyed will fully comply with the committee's demands by the deadline, and "need to significantly upgrade their risk IT systems and governance arrangements". [more]
Wednesday, November 27, 2013
Sunday, September 29, 2013
Morgan Freeman and String Theory
Amazing, Morgan Freeman talking about multiple universes and string theory! Morgan Freeman On The Daily Showwith Jon Stewart 2013" on YouTube
Components of a Data Strategy
5 Essential Components of a Data Strategy by my friends at FINETIK is the first of many thoughtful articles I will be periodically posting on this blog. Stay tuned for more exciting ideas in this space.
Wednesday, March 20, 2013
Friday, August 26, 2011
All Quiet On The Eastern Front, before Hurricane Irene
All Quiet On The Eastern Front, before Hurricane Irene arrives.
Wednesday, August 24, 2011
Brilliant! Why Liberals Are More Intelligent....
Brilliant! Why Liberals Are More Intelligent Than Conservatives. This seems to strike more true today than when the article was published over a year ago on Psychology Today.
Saturday, August 20, 2011
How Class Wars Begin
Sent: Saturday, August 20, 2011 1:58 PM
To: 'xxxxx'
Subject: RE: doctor's letter
Hi xxxxx
While I agree such level of irresponsibility [or behaviors] exists, this far from being THE [cause of the ]American health crisis. Let us stop blaming the poor and uneducated for being poor, uneducated [and unprepared]; in the grand scheme of things, this is a very, very, very small part of the problem with our health care [in America]. All the dear doctor articulated below is his lack of understanding of the difficulties faced by the different social groups (poor, elderly, unemployed and those with "joblets") in this United States. The same woman the doctor described below may have one or more menial jobs which does not provide her with health insurance, leaving her to fend for herself to buy insurance that most of us could not afford if we lose OUR jobs. So, I find it difficult to blame her or her culture [or live the way she lives]. They have not create the [health] crisis.
Let’s focus instead on the level of inefficiencies of our health care system, and greed of insurance companies and wall street which makes money out of their relationships with drug and insurance companies. Once you deal with this unchecked greed and [their] lack of social responsibility, you'll be amazed at how quickly our nation's health care difficulties will disappear.
Let us think of solutions which are socially sound TO ALL; lets us not blame other social groups which we do not understand.
If you agree...pass it on. YES YES YES
[BTW I can not help but laugh when I remember that not too long ago, our previous President encouraged all people to go out and "buy, buy and buy at the malls" [not insurance] in order to help with the economic crisis he helped to created. So this lady is buying, buying and buying at the malls just like her President Bush told her to do. LOL!]
Regards
Ron
From: 'xxxxx'
Sent: Wednesday, August 17, 2011 11:17 AM
To: 'xxxxx'
Subject: FW: doctor's letter
----- Forwarded Message -----
From: 'yyyyyy'
To: 'large list of 'zzzzzz'
Sent: Saturday, March 12, 2011 9:51 PM
Subject: FW: doctor's letter
Subject: Fwd: doctor's letter
Below is a young physician by the name of Dr. Starner Jones. His short two-paragraph letter to the White House accurately puts the blame on a "Culture Crisis" instead of a "Health Care Crisis". It's worth a quick read:
Dear Mr. President:
During my shift in the Emergency Room last night, I had the pleasure of evaluating a patient whose smile revealed an expensive Shiny gold tooth, whose body was adorned with a wide assortment of elaborate and costly tattoos, who wore a very expensive Brand of tennis shoes, and who chatted on a new cellular telephone equipped with a popular R&B ring tone. While glancing over her Patient chart, I happened to notice that her payer status was listed as "Medicaid"!
During my examination of her, the patient informed me that she smokes more than one costly pack of cigarettes every day and somehow still has money to buy pretzels and beer.
And, you and our Congress expect me to pay for this woman's health care? I contend that our nation's "health care crisis" is not the result of a shortage of quality hospitals, doctors or nurses. Rather, it is the result of a "crisis of culture", a culture in which it is perfectly acceptable to spend money on luxuries and vices while refusing to take care of one's self or, heaven forbid, purchase health insurance.
It is a culture based on the irresponsible credo that "I can do whatever I want to because someone else will always take care of me."
Once you fix this "culture crisis" that rewards irresponsibility and dependency, you'll be amazed at how quickly our nation's health care Difficulties will disappear.
Respectfully,
STARNER JONES, MD
If you agree...pass it on. YES YES YES
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