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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: Frank A. Coluccio who wrote (30198)	9/11/2009 6:26:10 PM
From: axial	Read Replies (3) of 46821

Hidden costs emerge from the debris of Lehman crash - Snip - "The main conclusion so far – and there are many fascinating details in the Lehman unwind – is that the technology costs for derivatives have been underestimated. In addition, the answers that every regulator now wants and every investor should demand, in terms of levels of exposures and risks that banks hold, cannot be easily gleaned from the current multiple systems used to value and track positions. “Many previously hidden costs of running a derivatives business, including technology support of multiple disjointed systems, can no longer be discounted,” says Luc Faucheux, a managing director at Lehman Brothers Holding Inc in New York." ft.com Jim

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