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Spreadsheets
are universally employed in the financial services arena for modeling,
position-keeping, risk management and many other critical tasks.
However, today’s investors are now demanding more robust solutions. Why?
Presenters Larry Tabb, co-founder and CEO of The TABB Group;
Gary Chang, risk manager at Prelude Capital; and Dr. Lance Smith, CEO of
Imagine Software, discuss the three main reasons driving
investors’ crisis of confidence regarding spreadsheet use in the investment community:
- Key man and other major operational risk exposures
- The inability to provide the advanced, real-time risk analytics necessary for today's volatile markets
- Rampant deployment of undocumented calculations and unverifiable data
In addition:
- Larry will review TABB Group research analysis about spreadsheet usage (and vulnerabilities) in the capital markets
- Gary will share his practitioner's experience as a risk manager at a capital allocator firm
- Lance
will look at how two hedge funds and one of the world's largest asset
management firms solved key concerns by moving off spreadsheets
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