Is complexity to blame?

AIG’s complexity blamed for fall: “The complexity and international spread of AIG’s operations impeded regulatory oversight of the derivatives unit that helped bring down the insurer, according to former executives, analysts and regulators.” (FT report)

Hmm, complexity? Maybe they should have invested in a product such as Datawatch’s Monarch software which is designed to transform report output files and other data sources into live data on your PC. Currently it is used by around 500,000 professionals worldwide and now on its 9th version.

David Cameron says bank on me

Conservative leader David Cameron says character and judgement are more important than experience. But experience teaches me that you build character and judgement through experience. Perhaps David thinks that you can’t change one’s essential character and judgement, which if so is a bit pessimistic for my liking (not to mention contrary to my experience).

I also see on the front of the Daily Mail today an article critical of the head of the Met for employing a friend. Oh come on, if you’re a serious member of the ‘Establishment’ you must at one point in time have employed a mate. Please even I’ve done that, probably the only properly posh thing I’ve done come to think of it. The trick of course is to get away with it, in a good way I hasten to add. Bank on me? I will, thanks.