Michael P. Regan, Columnist

The Riskiest Asset for Banks? Bankers

Computers don't sin or expect big bonuses.

October 29, 2015 at 4:34 PM UTC

Michael P. Regan is the global team leader for cryptocurrencies at Bloomberg as well as a former senior markets editor and former Americas team leader for Bloomberg's Markets Live blog. He has covered Wall Street for Bloomberg News as a columnist and editor since 2007. He previously worked for the Associated Press.

A less populated address.
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It probably goes without saying, but the financial services sector has placed a tremendous amount of trust in its computers. They're trusted to execute automated investment strategies, trusted to interact with customers, trusted to provide a truthful account of the activities of their human colleagues should the need arise for a witness for the prosecution.

In the unlikely event that some of them gather for a party at Peter Luger Steakhouse, it's a safe bet that they can be trusted not to collect and disseminate confidential information from their old computer pal who has moved on to the Federal Reserve.