Why manage complexity within financial services?

The complexity problem (Ezra Klein, Washington Post)coming-home-draft1

“Complexity helped bankers bully ratings agencies and regulators into signing off on products they didn’t understand, it helped mortgage lenders entice  consumers into contracts that they couldn’t fulfil, and it’s now helping Wall Street beat back necessary regulations because Congress is nervous about mucking with an industry they don’t really grasp. And beyond all that, the complexity that allowed Wall Street to become a more profitable and significant segment of the economy also sucked talent away from other sectors.”

The above aren’t my words…unusual I know…but the following are a selection of recent related blog entries. Enjoy!



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