MILAN -- Domenico Mignacca had a simple enough target when he joined Milan-based SanPaolo IMI Asset Management from BNL Gestione in April 2001. The new head of risk management and performance and analysis had to get Italy’s biggest fund manager a risk management system. At the time, it did not have one.
The question was whether SanPaolo should buy the system or build one. It chose to do the latter, and by February this year SpiderWeb -- or the SanPaolo IMI Dynamic Expected Risk Model -- was u
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails