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Technology Charts a Course for VaR

xavier-bellouard
Xavier Bellouard, Quartet Financial Systems

It seems the UK’s Financial Services Authority (FSA) is delivering on its promise to provide greater supervision and enforcement of financial institutions’ risk management. In 2009 and 2010, the FSA issued a record number of fines, eclipsing the levels of the previous year by 21 percent, according to a report from London-based law firm Reynolds Porter Chamberlain. In total, the report suggests that the regulator handed out penalties totalling £33.1 million ($48.2 million) over the course of the

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

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