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The Finanser’s Week: 25th October – 31st October 2010

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Our biggest stories of the week are all about SIBOS, the annual tradeshow run by SWIFT ...

Top Tips for Tradeshows
This year’s SIBOS has three themes: regulation, recovery and rebuilding trust.  So, let’s explore these briefly.

Chew lips from Amsterdam 
A discussion with the market infrastructures for clearing and settlement.

Banks are just safe keepers of data 
Innotribe's discussions of the Long Finance.

"Social media will bring banks to their knees" 
The first plenary session where ING say that social media could destroy a bank.

An interview with Stephen Hester 
The CEO of Royal Bank of Scotland talking about how the bank has restructured.

A real tulip in Amsterdam 
An amuse-bouche introduction to day two, including McKinsey's top six trends in global payments.

The days of self-regulation are over 
Summary of the main plenary that focused upon how to rebuild trust in banks.

The Long Now: 2015? or 2115? 
SWIFT's strategy for 2015 and some discussions around innotribe of how long is long?

Chinese Banking and the 200,000 1RMB notes 
Have you noticed how many Chinese banks are at SIBOS ... read this to see how they think!

Asian banks are going to head West 
We've heard this for a while now, but the plenary on recovering trust had the theme that Chinese Remnimbi is the next reserve currency and China's banks are going to head West.

Small is less than $5 billion
 
Ever tried to get a small asset manager to throw out their fax machine?

She popped her clogs 
All things Dutch at the start of Day Four.

And SWIFT's next big innovation will be ...
 
The innovation stream and why Moneyforce won the week.

China and India or ... 
A big debate about the trends for transaction banking in Asia.

Using whales to fish for minnows 
Summary of Paul Saffo's closing keynote plenary speech.

And now, the end is here ... 
A short view of the whole week here in Amsterdam.

The major general news stories of the week include ...

More cash points dispense £5 notes - The Independent

The number of £5 notes dispensed from cash machines will have soared five-fold by Easter next year, the Bank of England said today.

Learning the lessons of AIG's fall - Financial Times

The bitter irony for the rest of the insurance industry is that the US company's traditional insurance businesses had nothing to do with its failure

PayPal X Innovate 2010 Developers Conference - Payments News

At its PayPal X Innovate 2010 developer conference today, PayPal unveiled "new technologies and partnerships that will allow people to change the way they pay – accessing their digital wallets from more devices to shop, browse and pay anytime, anywhere." PayPal Announcements: PayPal Showcases the Future of Money at Its

Bankers derived 'erotic thrill from credit crunch' - The Telegraph

Bankers derived an erotic thrill from the losses suffered during the credit crunch, according to a new academic study.

Buffett anoints successor to manage his billions - The Independent

Warren Buffett, who heads the beloved American conglomerate Berkshire Hathaway, has named an obscure 39-year-old hedge fund manager to oversee much of the company's money, making him the favourite to succeed the billionaire investment guru. For the past five years, Todd Combs has run a Connecticut hedge fund called Castle

Banks should be broken up, Bank of England Governor Mervyn King warns - The Telegraph

The Bank of England Governor has backed breaking up the banks as part of wider reforms to protect the taxpayer from another meltdown.

Speech Gertrude Tumpel-Gugerell: The Single Euro Payments Area - where do we stand? - ECB

City fears new Bank of England powers will hit democracy - The Telegraph

The increasing powers of the Bank of England are being called into question amid fears that its looming regulatory remit could lead to a "democratic deficit" in the way the City of London is governed.

A better approach to risk management - Financial Times

Risk management is a key source of added value but it is frequently misunderstood

BNP Paribas: Stop. Think. Act - The Economist

The secret of a French bank’s success.

 

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Chris Skinner Author Avatar

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...

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