Thursday, June 17, 2010

It's Not Your Father's SEC

This Washington Post article discusses the push in the SEC to add more market expertise. It features my colleague Gregg Berman -- who ran the risk management part of RiskMetrics -- and me.

1 comment:

  1. "[M]arching in with a subpoena in one hand and a sixty page questionnaire in the other is not the way forward."

    “The challenge, Bookstaber said, is in recruiting undergraduate computer science wizards who might otherwise work for Google or trade for hedge funds. "We have to rely on public spiritedness as opposed to dollars to pull them here."”


    Rick,

    In the spirit of our very well received “Preparing for an Audit Mandate to Contribute to Systemic Risk Anticipation” (http://www.accountant.nl/Accountant/Opinie/Meningen/Preparing+for+an+Audit+Mandate+to+Contribute+to+Sy.aspx), what do you think of the following avant-garde developments in the international computing science community?

    1. The Jacquard project by the Dutch National Center of Mathematics and Computer Science, in cooperation with PricewaterhouseCoopers, the Dutch Tax Office and ComputationalAuditing.com
    (http://www.cwi.nl/en/2010/1064/Software-engineering-researchers-and-audit-experts)

    2. The Smart Auditing course organized by the research School for Information and Knowledge Systems (SIKS), a network institute in which over 450 research fellows and Ph.D. students from 11 different universities collaborate, and accredited by the Royal Netherlands Academy of Arts and Sciences (http://www.siks.nl/SA-2010.php)

    Philip

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