I was amused to hear the comment this week that bankers aren’t paranoid
enough.
The comment was made in the context that bankers do not believe things change
very fast, so why should they be concerned about change?
The markets move in their own time, infrastructure is hard to change,
long-term investments are just that: for the long term. This is why we do not
talk about dynamic bankers, and why banks are risk-averse.
The not-so-paranoid banker has the belief that, because things do not change
fast in banking, banks do not need to change fast.
So, things don’t change very fast in banking ay?
What about ten years ago?
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
