Chris Skinner's blog

Shaping the future of finance

Davos never forecast this lot

Chris Skinner Author Avatar

In 2006, I was honoured to be invited to join a project looking at scenarios for the financial markets, as an advisor to the World Economic Forum. 

The first call I had with the project leaders, they asked me what concerned me most about banking?

I spent most of the time talking about concerns around systemic risk caused by the interlinkage of technologies, trading complex financial instruments globally in real-time.  In particular the fact that should another Long Term Capital Management (LTCM) occur, it would be ten times worse as a result.

We never followed up that line of thinking as the project became one that provided more concurrence and substantiation of the current banking model, and how it would adapt to regulation and technology, rather than postulating that the current banking model was completely broken.

Now we know it was broken, that the systemic risk was there, that another LTCM would occur (it was Lehman Brothers) and the impact has been more than ten times worse.  It has been cataclysimic.

I wonder what projects they will come up with this year, and can we ensure that they result in something useful this time?

Davos starts this Wednesday, and I'll be watching that space for sure.

Chris Skinner Author Avatar

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog,, 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...

Digital Transformation Programme

Learn directly from from one of the most influential people in technology, gain insights from the world's most innovative companies, and build a global network.

Top 50 Global Thought Leaders and Influencers on FinTech 2022

Chris Skinner
Commentator, CEO of The Finanser and best-selling author at The Finanser

Thinkers360 Thought Leader

Contact Me

Best Financial Services Blogger

Chris’s latest book

Chris Skinner’s ‘Digital For Good’ Book Launch Event – CFTE

Global Awards

Best CEO of the Year UK 2022

Best Digital Finance Provider of the Year UK 2022

Best Financial Markets Adviser of the Year UK 2022

Portal to the Knowledge Base of the Financial Services Club UK 2022

Financial Markets Advisor of the Year UK 2022

Corporate America Today Annual Awards

Best Financial Markets Adviser of the Year UK 2022

Portal to the Knowledge Base of the Financial Services Club UK 2022

Financial Markets Advisor of the Year UK 2022

Nominee of MAD33 2021

Kids creating the future bank | TEDxAthens

Join me on Linkedin

Follow Me on Twitter!

UK’s most influential person in technology

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award


TheNextWeb – #tnw

Learn more about Chris

About Chris Skinner

Presentation at ZBP, September 2020, Warsaw, Poland

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser