Big IT hiring freeze coming in the City ...

[BlasterBates]

It depends on the area, risk management looks reasonably bright at the moment, for some reason . What banks are doing are changing their focus. So there will be layoffs, but expansions else where. From what I can see the growth has stopped but they're all treading water. So they probably reduce some budgets to increase others. We'll need to wait for next year. Emerging markets & commodities look good, mortgages, loans etc not so good.

[sasguru]

It depends on the area, risk management looks reasonably bright at the moment, for some reason . What banks are doing are changing their focus. So there will be layoffs, but expansions else where. From what I can see the growth has stopped but they're all treading water. So they probably reduce some budgets to increase others. We'll need to wait for next year. Emerging markets & commodities look good, mortgages, loans etc not so good.

Agreed. Anything to do with risk will be OK. What do you do in Risk Management, Blaster? Are you with the Basel 2/Sarbanes Oxley stuff?

[bobhope]

Hiring freeze at the IB here too. Kind of depends on how the sub-prime debacle turns out in the end.

What's interesting is that the major wave of rate resets doesn't really kick off until Q4 this year (in the UK a little bit later)

Hopefully, everybody here has been a good squirrel and stored lots of nuts.

[rootsnall]

Hopefully, everybody here has been a good squirrel and stored lots of nuts.

The store will be full to overflowing if I can sell a house that should of gone through today but has been put back 2 weeks, not a good sign ! If that comes off I'll be heading off into my nuclear bunker with the hatches well and truly battened down. My particular niche is doing very well at the moment but I think it's only a matter of time with what is going on in the states. I fear rates will tumble fast with the amount of overseas bodies around. It's time to sign that long contract on a rate a bit lower then your colleagues !

[BlasterBates]

Agreed. Anything to do with risk will be OK. What do you do in Risk Management, Blaster? Are you with the Basel 2/Sarbanes Oxley stuff?

No I just program a system that shows positions and risk exposure, but the advantage is it isn't tied to any specific trading area.

[ContractIn]

Mmm interesting all my clients are IB's and at the moment I have been the busiest I have ever been and Im having to turn down clients, Ive got contracts in place till Jan 2009, and rates have gone up nicely, if I could physically do it I could have 3 clients on the go at the moment. Suppose it depends on area.

Giv us a job!