Speed Trap: The Challenge of Risk Management On Demand

Risk management technology is an expensive necessity in today’s financial markets—without it, the consequences can be catastrophic. But even with the very best technology in place, there is never any guarantee of a good outcome, as JPMorgan Chase—which was no doubt comprehensively risk-managed—found out recently when several billion dollars in losses resulted from the outsized trading of credit default swaps (CDSs).

The fallout from that particular blunder will leave risk managers across the