Wednesday, June 5, 2013

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: How to secure an insecure world

Posted: 05 Jun 2013 01:29 AM PDT

Another major focal point of the debate last week was around information security, something that I presented around in-depth.  My tenet is that banks should place themselves firmly at the heart of information security and offer customers a secure data vault. read more...

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Vendor News: Fidessa examines evolution of new buy-side business models

Posted: 05 Jun 2013 01:16 AM PDT

Published / Preprint: 05Jun/Agustín Carstens to chair the BIS Economic Consultative Committee and the BIS Global Economy Meeting; Mario Draghi to chair the Group of Governors and Heads of Supervision

Posted: 05 Jun 2013 12:58 AM PDT

Agustín Carstens to chair the BIS Economic Consultative Committee and the BIS Global Economy Meeting; Mario Draghi to chair the Group of Governors and Heads of Supervision (Press release 5 June 2013)

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Published / Preprint: Consistent iterated simulation of multi-variate default times: a Markovian indicators characterization. (arXiv:1306.0887v1 [q-fin.RM])

Posted: 04 Jun 2013 05:38 PM PDT

We question the industry practice of economic scenario generation involving statistically dependent default times. In particular, we investigate under which conditions a single simulation of joint default times at a final time horizon can be decomposed in a set of simulations of joint defaults on subsequent adjacent sub-periods leading to that final horizon. As a reasonable trade-off between...

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Blog Post: ThePracticalQuant: Tracking the progress of large-scale Query Engines

Posted: 04 Jun 2013 09:37 AM PDT

[A version of this post appears on the O'Reilly Strata blog.]As organizations continue to accumulate data, there has been renewed interest in interactive query engines that scale to terabytes (even petabytes) of data. Traditional MPP databases remain in the mix, but other options are attracting interest. For example, companies willing to upload data into the cloud are beginning to explore Amazon...

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If at first you donât succeedâ¦â¦.

Posted: 04 Jun 2013 06:46 AM PDT

It’s the time of year when lots of people start new things – jobs, internships, periods of work experience, volunteering, summer camps etc.  All of these things will call for people to do new things, and when we do something new we often make mistakes or do something embarrassing until we get used to it.read more...

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