IDEAS home Printed from https://ideas.repec.org/a/aza/rmfi00/y2015v8i3p289-296.html
   My bibliography  Save this article

What can risk managers at financial institutions learn from the systems employed by traders?

Author

Listed:
  • Deochand, Chabi

Abstract

Risk managers place a great deal of trust and reliance in systems employed by traders. In fact, given the complexity of trading systems it is hard not to do so. But reliance on information coming from these systems should not be the sole basis for risk management decisions. Instead, risk managers should understand the processes surrounding these systems and recognise where risk in data quality and accuracy exists. By doing so, their risk assessment and actions will be driven by better informed decisions and less dependency only on trust and reliance. This paper highlights common technology processes and practices that create risk in the systems employed by traders, and provides valuable information that risk managers can utilise to develop a higher level of risk awareness and, in some cases, even prevent some risks from materialising.

Suggested Citation

  • Deochand, Chabi, 2015. "What can risk managers at financial institutions learn from the systems employed by traders?," Journal of Risk Management in Financial Institutions, Henry Stewart Publications, vol. 8(3), pages 289-296, July.
    • Handle: RePEc:aza:rmfi00:y:2015:v:8:i:3:p:289-296
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/4360/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/4360/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    technology risk; change management; risk management; trading systems;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:rmfi00:y:2015:v:8:i:3:p:289-296. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.