September 12, 2013
Jamie Dimon has been wishing the Whale problem would simply go away. He has put up a fair defence, rightly pointing out that no clients were harmed and the problem was the bank’s own stupid fault. As admirable as his stance is, three are two aspects of this case that are going to lead to […]
September 4, 2013
Some weeks ago a superb picture was posted here on LinkedIn that inspired me. It is a really catchy way of capturing the three qualities that matter to me in my consulting work. 3CAdvisory is about Control, Capacity & Cost. I believe you can align all three of those things. There is a right way […]
August 14, 2013
The London Whale. That story is not going away and the latest revelations have something in common with the recent LIBOR shenanigans; people pressured into doing the wrong thing. JP Morgan’s problems occurred in the London office of their CIO, the Chief Investment Officer. It seems that some of the highest paid people in the […]
August 8, 2013
The staple diet of the Operations professional is reconciliations. Other terms might be used, such as exception management or non-STP, however under the hood it is all about reconciliation; what did we expect to happen or be the case, the plan and what actually happened or is the case. It is those reconciliations that ensure […]
July 30, 2013
As it is Summer holiday time, it would seem appropriate to have a light hearted post this week. Noodling last week with a client undergoing a massive change programme wiht lots of jobs being offshred to India, a couple of thoughts occurred to me about offshoring, cost cutting, right sizing or transformation, pick you synonym. […]
July 10, 2013
As a kid, I wondered why Chrysler had a van and Dodge had the same van even though they were in the same group. In recent years, car makers have got a whole lot smarter, with a revolution started by a Spaniard, Ignaki Lopez at VW, who kicked off an industrialisation trend. Far more often […]
July 4, 2013
This week’s post is about how fixed price deals can lead to wonky thinking. In recent years, the good folk at SWIFT have come up with a fixed price plan. Not quite the same as one of those nice all you can $5.99 breakfasts in holiday resort in America, but similar and in fact adjusted […]
June 21, 2013
The Germans like rules. “We hev rules,” as they, and the Swiss, would say. So when a supervisor in a bank approved a payment for 222,222,222.22 million Euros that should have been for 64.20, the price of not obeying the rules was the sack. The rules were enforced even though the error was spotted and […]
June 11, 2013
Downturn. There is an over supply of good people seeking a new job. There is though still what was once termed a “War for Talent”, not Talents as many grammatically challenged German speakers would have it, with their proclivity for putting an “s” where it does not belong. All of the following are wrong and […]
June 6, 2013
Enough of travel and back to the daily business of controlling the days events. In past Blog posts Ihave written about the difference between Control Reports and Reference reports. This is all about Control reports, which means specifically ones that should show you exceptions. if there are breaks or differences, then your report or screen […]