Thursday, January 31, 2008

Technology Review: The Rise of Systemic Financial Risk

Scary case study -- read the full interview 

But beyond the evident failure of internal control technologies lie wider vulnerabilities in the global financial system. It is possible that the deeds of 31-year-old Jerome Kerviel at Societe Generale triggered global stock sell-offs, says Andrew Lo, director of MIT's Laboratory for Financial Engineering. And that points to widening systemic risk in ever more complex financial markets.

Technology Review: The Rise of Systemic Financial Risk

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