When IT Meets Politics:

Libor


February 6, 2013  12:48 PM

Millions of lives blighted by toxic Big Data

Philip Virgo Profile: Philip Virgo
Big Data, Cabinet office, Data quality, Data warehousing, Databases, Eurim, Facebook, Libor, Quant, TED

Big Data and Open Data are fashionable. Collecting and collating large volumes of data for some-one (medical researchers, the security services or sometimes even the general public) to share, search or analyse, will help us find the answer - whatever the...

July 10, 2012  9:32 AM

Is 27001 to blame for the LIBOR fiasco?

Philip Virgo Profile: Philip Virgo
Barclay, Labour, Libor, UBS

The ongoing LIBOR saga has two dimensions.

One is political - how much is the story really about banks responding to Government pressure to rig the rate, once they had discovered how easy it was to do so?  We should note that the systemic rigging came after the banks had supposedly...


July 6, 2012  2:04 PM

Was the RBS system collapse a “Tay Bridge” moment?

Philip Virgo Profile: Philip Virgo
Failures, Libor, RBS

I have been told that the immediate cause was the accidental deletion (instead of implementation) of the restoration schedule by an inexperienced operator. If that is correct, it raises the question of how and why the system was so vulnerable.

As with the Tay Bridge, the...


June 29, 2012  8:16 PM

Libor also broke the first rule of Information Governance

Philip Virgo Profile: Philip Virgo
Barclays, Data quality, Decimalisation, Eurim, Libor, Open data


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