Daily Volatility In The Global Economy Is Now Roughly The Same As Used To Be Seen In A Year!
- By Professor Prabhu Guptara
- Published 12/21/2008
Professor Prabhu Guptara
Professor Prabhu Guptara is Executive Director, Organisational Development, Wolfsberg (a subsidiary of UBS - one of the largest banks in the world). He is also Freeman of the City of London and of the Worshipful Company of Information Technologists, and Chartered Fellow of the of the Chartered Institute of Personnel and Development; he is also Fellow: of the Institute of Directors, of the Royal Commonwealth Society, and of the Royal Society for the Encouragement of the Arts Commerce and Manufactures; and he continues to supervise PhD research at the University of Fribourg (Switzerland) as well as to be Visiting Professor at various Universities and Business Schools around the world.
Earlier roles include: a Governor of the Polytechnic of Central London, Member of the Council of the British Institute of Management, of the International Federation of Training & Development Organisations (IFTDO), of the Association for Management Education and Development (UK), of the South East Regional Council of the Confederation of British Industry.
Judge, 1988 National Training Awards, 1980 Commonwealth Poetry Prize, 1990 & 1991 Deo Gloria Prize for Fiction; Chair of the Panel of Judges, Deo Gloria Prize 1992 & 1993.
Experience with an enormous range of organisations including: Akzo Nobel (Netherlands), the Associated Banks Institute (Germany), Barclays Bank (UK), British Petroleum (UK), the Council of Europe, Cultor (Finland), Deutsche Bank (Germany), Groupe Bull (France), Federation of Finnish Engineers (Finland), the International Management Association of Japan, Kemira (Finland), Kraft Jakob Suchard (Switzerland), Leadership Academy (Finland), Nokia Telecommunications (Finland), Novo Nordisk (Denmark), Sedgwick International Insurance and Reinsurance Brokers (UK), Singapore Institute of Management, Sonatrach (Algeria), Sun Alliance (UK), UNCTAD, Valeo (France), and so on.
Organiser, chair and lecturer by invitation for numerous international conferences, he has contributed widely to radio and television in the UK and other countries (The Money Program, Any Questions) and has written for Financial Times (London, UK), The Guardian, The Times and other publications; articles, for example, in The Gower Handbook of Management, The Gower Handbook of Quality, and the International Encyclopedia of Business & Management (Routledge).
A CD-ROM has been issued of his lecture at the Professorenforum, University of Zurich, titled "Making the World Better - Why it does NOT happen...and what TO DO about it"
Further information available from email@example.com
His best-known research publication is "Top Executives in the Global 100 Companies and their IT-Competence" (ADVANCE: Management Training Ltd., UK, and Wolfsberg Executive Development Centre, Switzerland, 1998); and he is included in Debrett's People of Today and in Who's Who in the World. Professor Prabhu Guptara lives in Switzerland.
Witness the Pound going from USD 1.63 to 1.52 and back to 1.59 in 24 hours on 24th October this year.
The above (interesting) factoid is provided on his excellent Blog by John Wisbey, Chairman and CEO of Lombard Risk Management plc, the second largest global provider of regulatory compliance software and award-winning provider of risk management solutions to over 300 financial businesses and large corporations. The company's clients include over 20 of the world's top 50 banks, as well as many industry leading investment firms, asset managers, hedge funds, fund administrators, and global corporations.
There is one principal point on which I disagree with his analysis of why we are in the present crisis, and that is where he asserts that the authorities "either failed to compile appropriate data to aggregate what was happening or, if they did, failed to interpret it properly to see the increasing systemic risk that this property bubble and efficient securitization presented".
I have often quoted the 2004 findings of the Joint Committee, set up by the three global associations that are responsible for all aspects of the world financial system. Assigned the job of calculating how much risk there was in the global system and who held it, the Joint Committee was quite open about its interpretations and conclusions. I was not the only one who has been drawing attention to those findings, and I am hardly the only one who has been going on and on for years about systemic risk.
Anyway, though I do not agree with Jim on everything, he writes perceptively. So I commend his Blog, which will give you the view of someone whose entire business is focused on providing tools for the management of financial risk worldwide.
Professor Prabhu Guptara