Todays judgment recognizes that a negative mark-to- market is money out the door in the future, said Michael Dempster, founder of the University of Cambridges Centre for Financial Research.
Date: Dec 19, 2012
Category: Business
Source: Google
UBS Loss Leaves Gruebel Contemplating Smaller Investment Bank
Obviously their systems werent adequate, said Michael Dempster, founder of the University of Cambridges Centre for Financial Research. In the best institutions, where risk officers on the desks are given real-time data, it would be very hard for this to happen.