Big Week for Risk Managers

GlobalRiskJobs notes that GARP's (Global Association of Risk Professionals) 10th annual Risk Management Convention and Exposition begins this morning in New York City and runs through Thursday. It is a timely gathering with the global financial system in the spotlight. Today's agenda includes the Enterprise Risk Forum, which will focus on how leading global financial are harnessing enterprise risk data for competitive advantage. A highlight of the day will be a panel discussion entitled, "The Road Ahead: What We Should be Doing in the Next 12 Months". Panel members are GARP's Jaidev Iyer, the Fed's Roger Cole, BofA's Marta Johnson and SunGard's Jonathan York. Should be an interesting week given the backdrop of bank bailout details starting to emerge.

And a tour of the news:

• Goldman's Lloyd Blankfein slams Wall Street risk management practices and says mark-tomarket should be strengthened, not abandoned, in the FT. Read it here.
• Geithner delays the announcement of Obama's financial recovery plan as planners debate the disposition of toxic assets.
• Paul Krugman is not satisfied with the stimulus bill.
• The NYT looks at research analyst "Buy" recommendations.
• Stanford Professor John B. Taylor thinks government bears responsibility for the financial crisis.
• Sunday's NYT digs deeper into the Merrill - BofA merger. Due dligence failure or hubris?
• In People News, there's word that former federal prosecutor Robert Khuzami will be named the new head of enforcement the SEC. Khuzami is currently a top lawyer at Deutsche Bank AG in New York.