February 2009 Archives

A recent DCIG blog entry called into question the value of Bear Stearns selection of Orchestria and its inability to detect the alleged illegal activities of two of its Asset Management portfolio managers. More specifically, it asked why Orchestria did not detect the illegal activities of these individuals and why Bear Stearns did not configure it to monitor for these activities in the first place. The blog posting prompted a comment and phone call from Alan Morley, one of the individuals formerly responsible for implementing and managing Orchestria at Bear Stearns and why monitoring, detecting and preventing this activity is not as easy as it sounds. (read more)

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