The biggest news stories of the week include ...
- Peter Sands: a banking blueprint for change - The Telegraph
- G20 compromises on plans for tougher banking rules -
The Independent - Major US financial reform agreed - BBC
- Dodd-Frank bill is no Glass-Steagall - Financial Times
- EU agrees bank bonus curbs - BBC
- What does the new EU regulation mean for bankers' pay: a
Q&A - The Telegraph - Europe's banks are still on 'life support', BIS warns
- The Telegraph - EU banks borrow less than feared - BBC
- Goldman denies its collateral demands led to collapse
of insurance giant AIG - The Independent - 'Drunken' oil trader is banned for five years - The Independent
And our biggest stories of the week are ...
Monthly MiFID MTF Monitor: June 2010
We are pleased to provide our sixth month of monitoring the MTF
performances in
European Equities trading, in partnership with Thomson Reuters Equity Market Share Reporter (EMSR).
At the conference in Santander, I was particularly taken with a
presentation by Jorge Yzaguirre from the Bolsas y Mercados
Españoles (BME). Jorge presented a detailed review of the
American flash crash on May 6th where share prices crahsed and soared at
around 2:48 p.m. I’ve read lots of explanations of the
crash, but this was the first time I’ve seen someone present what
happened.
ANZ in Australia has been subjected to an assault over their latest ads being anti-bank
staff. The ads use Gingis Khan Barbara as a role model of bank service. Having watched the ads four or five times now, they're just very
funny.
Everyone seems to be so consumed with the World Cup, they haven't
noticed that Spain is about to destroy the Eurozone. Having spent the
last week in Spain, there are good arguments for and against this view.
Walking around Santander, I was surprised to find a bank that not only
encouraged taking massive risks but focused upon locations that enabled
you to do this. The bank in question was Santander ... in Santander.
What are they up to?
Last week an auction took place of rare coins. In the auction,
one coin stood out. It dates back to around 630 A.D. (about the
time England last won a World Cup) and is the first coin clearly minted
in the name of an English King. The auctioneers thought the coin
was worth about £7,000 ($10,000), but it sold for three times that
figure.
Microsoft's latest wheeze: let's blow up the
network!
I got a critical update automatically downloaded to my PC this
week by Microsoft's never-ending update factory. A few days later, I'm on the road using the PC and it's unable to get
wifi access. Yep, you guessed it, Microsoft's blown up the network!
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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...
