The Finanser’s Week: 10th September – 16th September 2012

September 16, 2012 by Chris Skinner

Our biggest stories of the past week are ...

This week sees Britain celebrating. No, not the end of a phenomenal summer of sport. No, not the Queen’s Diamond Jubilee again. And no, not the 200 year anniversary of the start of the end of Napoleon after his fatal...

When TQM means Totally Quack Management

When I was growing up in business, there weren’t many management gurus around. In fact, I think there was just one: Peter Drucker. Drucker was the book for every student of management. He was it. Then I moved into industry...

Have banks lost IT?

Further to yesterday’s dialogue around TQM, I got into a conversation with a couple of folks about the fact that we don’t have real STP, Straight Through Processing, in most financial firms. One senior manager said that he had started...

STP will only happen if it has a regulatory mandate

I didn’t mean to make this a series of articles, but it has become one. After discussing TQM and BPR, then getting into STP, today it is the turn of ISO. It’s not actually me having a pop at ISO, but the fact that discussions have been on-going about STP for so long, and now I know why it’s not in place. ISO. That’s the Ignore Standardising Operations group ...

The World's Global Language is English

I started another debate yesterday after saying that English is the global language. It is. It is not the largest spoken language – that’s Mandarin Chinese – but it is the largest global language spoken across borders thanks to the...

Things worth reading: the European View (14)

This week's view from Europe, courtesy of
Edith Rigler includes:

Towards a banking union – European Commission, 10 September 2012
Making financial centres contribute to the wider economy – speech by
Michel Barnier, 6 September 2012
Euro area GDP down by 0.2% and EU27 GDP down by 0.1% - EuroStat, 6
September 2012
No agreement between Deutsche and regulators for Deutsche around
LIBOR scandal – Handelsblatt, 10 September 2012
Customer pays more for account and credit services than before the
crisis – Handelsblatt, 5 September 2012

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

Book cites Andy Hornby for HBOS failure

The Telegraph

Banker fined over HBOS collapse
BBC

Barclays must take 'difficult decisions', says new chief executive Antony Jenkins
The Telegraph

New Barclays chief Walker calls for an end to 'unfair' free banking
The Independent

UBS whistleblower Bradley Birkenfeld awarded $104m
The Telegraph

Deutsche vows shake-up of bank culture
Financial Times

Regulators must shine a light on 'shadow banking'

The Telegraph

In a Greek junkyard, signs red tape defeating cuts
Reuters

Apple snubs key NFC mobile payment method

Financial Times

Photo tricks among fraud cases

BBC

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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...