Comments for Stone House Consulting

Comment on Stone House Consulting Is Closing by Gerard Sabbah

Gerard Sabbah — Tue, 10 May 2011 20:08:05 +0000

A great institution closes it’s doors.

Comment on Trade Matching in the Traditional and Alternative Markets by UniCredit withdrawals, pension funds ignore risks, Wells Fargo settlement and more — Clearing and Settlement

Thu, 07 Apr 2011 01:00:13 +0000

[...] Trade relating in a normal and choice markets. (Stone House Consulting) [...]

Comment on #1 Operational Risk: Complacency—Trivializing and Disregarding Risks by Maureen Lowe

Maureen Lowe — Wed, 27 Oct 2010 15:20:12 +0000

Holly – an excellent series of articles. Firms can no longer take the “if it’s not broke, don’t fix it” mentality when it comes to operational risk and need to hire forward thinking COOs and CROs. Here is an interesting article about how operational risk is an overlooked necessity: http://tinyurl.com/2aojg2s

Comment on Operational Risk #10: Reading the Fine Print—Know Thy Legal Entities by Nancy L. Bertolino

Nancy L. Bertolino — Thu, 21 Oct 2010 14:13:30 +0000

Thank you for this series.

Comment on Operational Risk #10: Reading the Fine Print—Know Thy Legal Entities by Operational Risk #8: Reconciliation Gaps—A False Sense of Security « Stone House Consulting

Mon, 18 Oct 2010 23:05:04 +0000

[...] It merits mention here that managers should be aware what really constitutes the safekeeper’s records. Many safekeepers will not stand by their electronic representations of an account, but rather consider the paper statement alone to be ‘official.’ More importantly, managers that utilize multiple prime brokers to support a given fund may receive consolidated (or ‘hearsay’) reporting from one of those prime brokers showing assets across all the primes servicing the account. In these instances, the firm offering aggregated data to the manager generally is quite clear they are not guaranteeing the accuracy of information on assets not held in custody by them. Consolidating data is unquestionably helpful, but in hearsay reporting the aggregator merely parrots information obtained electronically from the other service providers. We will touch upon this area again in our forthcoming article, Operational Risk #10: Reading the Fine Print—Know Thy Legal Entities. [...]

Comment on Operational Risk #10: Reading the Fine Print—Know Thy Legal Entities by Top 10 Areas of Operational Risk for the Buy Side « Stone House Consulting

Top 10 Areas of Operational Risk for the Buy Side « Stone House Consulting — Mon, 18 Oct 2010 22:53:29 +0000

[...] The following ‘top 10′ list summarizes the areas where we most often see operational risk — which is not necessarily where the greatest risks lie for any given manager. Despite significant media attention to some of these areas, they keep popping up in operational reviews. Please note these areas are not presented in any particular order. • Complacency • The blind leading the blind • Novices, apprentices and soloists • Dropped batons • Naïve reliance on technology • Playbooks • Amalgamated assignments • Reconciliation gaps • Poor planning and slow response times • Reading the fine print [...]

Comment on Operational Risk #2: The Blind Leading the Blind—Overextended and Underqualified Managers by Operational Risk #10: Reading the Fine Print—Know Thy Legal Entities « Stone House Consulting

Mon, 18 Oct 2010 22:41:58 +0000

[...] problems arise because too few qualified and knowledgeable people read the agreement. (Please see Operational Risk #2 on ensuring that people know what they are doing.) For example, Bear Stearns used a standard [...]

Comment on Mitigating Lottery Risk by Tweets that mention Mitigating Lottery Risk « Stone House Consulting -- Topsy.com

Sat, 16 Oct 2010 15:28:24 +0000

[...] This post was mentioned on Twitter by Holly H. Miller, StoneHouseConsulting. StoneHouseConsulting said: Mitigating Lottery Risk http://articles.stonehouseconsulting.com/2010/10/16/mitigating-lottery-risk/ #fb [...]

Comment on Operational Risk #9: Poor Planning and Slow Response Times—Changes in the Firm, the Marketplace and the Regulatory Environment by Top 10 Areas of Operational Risk for the Buy Side « Stone House Consulting

Top 10 Areas of Operational Risk for the Buy Side « Stone House Consulting — Mon, 11 Oct 2010 16:28:01 +0000

[...] Naïve reliance on technology • Playbooks • Amalgamated assignments • Reconciliation gaps • Poor planning and slow response times • Reading the fine [...]

Comment on Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training by Operational Risk #9: Poor Planning and Slow Response Times—Changes in the Firm, the Marketplace and the Regulatory Environment « Stone House Consulting

Mon, 11 Oct 2010 16:26:34 +0000

[...] in the new product launch process, which we have previously mentioned in connection with training (Operational Risk #3) and workflow documentation (Operational Risk #6). Inaugurating a new investment strategy or [...]