Basel I, II, III: evolution of global banking regulation via @YouTube
It was interesting to watch this discussion.
Even the participants agreed to the fact that Basel Accords are a complete exercise in futility.
What might happen tomorrow is not known even to the best minds working in the area of financial bank risk management.
Even the participants agreed to the fact that Basel Accords are a complete exercise in futility.
What might happen tomorrow is not known even to the best minds working in the area of financial bank risk management.
Being a risk management professional, I can very well understand how rogue traders can wreak havoc! the concept of having a Middle Office came into existence after the Baring fallout. Middle Office is supposed to check and re-check all transactions in real-time and at the close
of proceedings, i.e. Day -end basis. Risk Management failure more than anything else! Auditors having an accounting background are utter fools who don't understand how complex financial products are priced, hedged and transferred out to off-balance #GLAs.
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