Otc Derivatives

SEQ CHAPTER h r 1 ReactionIs the Financial Crisis caused by uneconomical pecuniary entropy management or pecuniary models or bothThis question is posed at the conclusion of As Securities change by reversal More Complex Is Financial Data Management comely More Complex by Jeffrey Rooney . This discusses OTC derivatives as an slip of how the pecuniary crisis escalated and Enterprise Data Management (EDM ) as a pecuniary information model that offers a solution to data problems faced by the industry .

Based on Rooney s innovation the financial crisis is a symptom of inefficient financial data management which is the result of intentional use of poor financial models coupled with the intentional misuse of financial models Poor financial data management has a cultural and expert invention The cultural component is the Chinese wall or siloed business organisation unit structure which facilitates and operates on the intentional misuse of financial models for the purpose of preserving the identity and autonomy of independent business units . The technological component includes other issues such as merger activities and different legacy systems (Rooney 2009 ,.2 ) which results in either use of poor financial models or provides no framework for effective financial models at all The IBM-World Bank currency swap was structured with the conclusion of avoiding highly regulated capital markets and regulation by affect countries . This was a 290 million transaction which paved the way for the creation of the now 700 trillion OTC derivative market (Rooney 2009 ,.3 ) As a result of these inefficiencies...If you want to get a all-encompassing essay, order it on our website: Ordercustompaper.com

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