A recent publication from SunGard and senior risk practitioners from International Association of Financial Engineers (IAFE) about complexity and financial risk is interesting, although they fail to grapple with some of the key aspects. They defend complexity, as you might expect, with no effort to demonstrate that it provides value beyond the financial services industry. [...]

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Curt Monash, who does a blog about databases and analytical tools writes in some detail about the problems Chase had when its online banking services went down for three days starting around 8 p.m. Monday Sept. 13. The nation’s second largest bank has more than 16 million online banking users who were unable to access [...]

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