MF Global's Collapse Highlights Importance of Robust Risk Management Systems

Michael Stockman
Michael Stockman, CRO, MF Global

MF Global Holdings has filed for Chapter 11 bankruptcy, according to various news reports. Notably, the firm is run by Jon Corzine, the former governor of New Jersey and before that, CEO of Goldman Sachs. Corzine joined MF Global in March 2010. Over the weekend, MF Global tried to find a buyer—several media publications listed Interactive Brokers as a possible suitor—but no such deal could be made.

BST's Analysis:
This collapse comes as quite a shock. It was only seven months ago that MF Global

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