The biggest news stories of the week include …
City in uproar at plan for bonus 'supertax' – The Independent
Barclays chief Bob Diamond warns windfall tax on bank bonuses not in line with G20 – The Telegraph
Will Obama tax the Banksters? – the New Yorker
UK and France 'agree on banking' – BBC
George Soros warns against rebuilding same 'Humpty Dumpty' financial system – The Telegraph
Tobin tax remains Treasury ambition – Financial Times
Lehman Brothers' Dick Fuld, Jeremy Isaacs and Roger Nagioff 'return' – The Telegraph
And our biggest stories of the week are …
In the dialogue of the past week or so, an interesting theme has emerged. The theme is globally harmonised rules.In fact, there appears to be a tectonic plate shift towards some form of global neutrality.
I was asked to give a view of the future for banking. My feeling is that banks must be able to manage their
business in real-time, with real-time risk, real-time payments and
real-time security becoming critical; whilst combining such capability
with deep analysis and mining of customer data to become far more
I’ve had a couple of good debates in the last week or so about
the value of real-time everything. One of the more insightful comments came from one commercial banker who
posed the question: "if a corporate client can see all their
financial positions in real-time, what's the point of a treasurer?" It created a lot of discussion as we realised that selling real-time
cash management was about as attractive to a treasurer as getting a
turkey to vote for Christmas.
forty days since the introduction of the Payment Services Directive
(PSD), soit's a good time to review its progress and how
it’s working or not working.
Thomas Bostrøm Jørgensen, CEO of mobile payments and
financial solutions firm Luup, presented at the FSClub the other day. He spun an interesting story, particularly around the tripartite models
emerging of mobile financial services, where they are either bank-led,
carrier-led or a bank-carrier partnership. That split is interesting as, at some point, the models will have
to come together. The question is how?
Much has been made today of the fact that Gordon Brown and Nicolas Sarkozy have jointly written an opinion piece
in the Wall Street Journal. Like some new entente cordiale, this is
fantastiche to see the coup de grace of global leaders working in
partnership.Here are some highlights from their article …
Travelling around recently, hotels only seem to have English speaking news channels on the TV. Boring. Then there's the adverts and suddenly Sean Connery comes on saying, "eesh time fwor green banking".
Accenture has sponsored Tiger Woods since 2003, pretty much since they launched as a new brand. What will they do now that he has had a reputational dive?