CFO’s article on risk management brought up a fascinating point about how the Federal Reserve policies contributed to poor risk management in banks during the subprime mess. CFO makes a shaky link to Alan Greenspan’s role. Banks had been shedding, instead of managing, risk for years by passing it on to investors. They claim that […]
“Risk was not integrated but split between a credit risk officer and a market risk officer, both of whom reported to the CFO, who then reported to the CEO. That may work at a place like Goldman, where decisions are made collectively among executives. But at a firm with a strong-willed CEO, like Merrill, it […]
CFO magazine covered how poor risk-management techniques, and more importantly, organizational culture and structure, contributed to the subprime problems:
“the inability to properly manage risk, and the failure of stress tests have so far resulted in global bank losses of $265 billion. With a few notable exceptions, bank CFOs seemed willfully ignorant of snowballing risk.”
The worst […]
Interesting report on use of “business intelligence” or BI in Manufacturing Business Technology. Not at all surprising is the statement that software/service vendors hype is not matched by real world use:
“The manner in which companies are using business intelligence (BI) technology does not exactly match the picture painted by vendors and other industry experts.”
Apart from […]
CFO.com’s top 10 list of concerns of CFOs dealt with cost of labor and the skilled labor shortage. Interesting in that Europe and Asia list these as number one and two with “average importance scores” averaging in the 90s (see chart from article) while the US CFOs rank “skilled labor” at a lower impact level […]
CFO.com lists the “Top 10 Concerns of CFOs” world-wide (US, Europe and Asia) saying:
“With the costs of fuel and health care high on CFOs’ list of worries, many expect the once-indefatigable U.S. consumer to finally take a break.”
My personal reaction to reign in my spending late last year had to do with losing my job […]
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Written by Kim Beasley [email] for b5media.
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