The biggest news stories of the week include …
- Banking giant Sir Brian Pitman dies at 78 – The Times
- Lehman 'hid billions' – report – The Independent
- Swiss theft puts HSBC in spotlight over tax evasion
– The Times
- Barclays' shareholders warn bank against deal for a US
retail bank – The Telegraph
- Brussels to mull 'European IMF' – BBC
- Icelanders snub Britain in vote over £3.5bn loan
repayments – The Times
- US senators try to impose a one-off 50pc bonus tax
– The Telegraph
- US public 'will pay Obama's $90bn bank levy'
– The Telegraph
- What’s next for global banks – McKinsey
15 core banking system vendor iRanking table – inntron
And our biggest stories of the week are …
I’m here at the largest UK payments jamboree of the year, IPS2010.The conference opened with a lengthy interactive voting session
with the 400-strong audience. Here are the results. Question
1: What will have the biggest impact on
transaction banking in 2010?
More voting at IPS2010, with some interesting views expressed. The
session opened with three short questions which were quite telling. Question
1: Does the banking industry need to change as a result of the
I've been studying developments in the Middle East, and
particularly the countries of the Gulf Cooperation Council (GCC). The GCC is a bit like the EU, and one of its aims is to create a common currency by 2010. Having visited the region regularly for about ten years, this
currency has always been on the agenda. Now, after a decade, it’s still
on the agenda, and that’s about it. Why?
There was a great panel session at the IPS payments show this week
on the future of regulation. Here are a few choice quotes: “This
is the G20-isation of regulations”, Philippe Mongars of the
Banque de France. “By the end of 2010, there will be …
Meeting with a mate last night, who happens to be on the inside track
of EU regulatory matters as they relate to Capital Markets, he turned to
me and said: "have you seen CESR's latest?" Of course I hadn't. "What are they saying?" I asked. "Only that dark pools are dead!" he chortled.
OK, I made that up. Mind you, I made it up in 2006 when I
presented at the BAI Retail Delivery Show and now something similar may be coming true.
We have an FSClub Meeting on 16th March 2010 in London with the
theme: This house believes that the Basel Committee on
new liquidity risk monitoring standards are built on sand …
Money.co.uk just sent me this lovely graphic that
puts the banker bonuses in context quite well …
Rory Bremner compered
the Private Asset Managers' Awards over the weekend
and cracked a number of good bank jokes. Asked Bremner: “Anyone here Dutch? Great salesmen, the Dutch. Anyone
that can sell ABN Amro…”
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