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The Finanser’s Week: 4th March – 10th March 2013

Our biggest stories of the past week are …

Fixing Our Banks:
Part One

Another day another conference, this one was about “Fixing
our banks – what to fix for whom?” at South Bank University. There was a decent
turnout of students and academics, and a panel providing a multidisciplinary view
from auditors, customers,…

Fixing Our Banks:
Part Two – the Bank View

As mentioned yesterday, I introduced a discussion about
Fixing Our Banks this week, alongside a distinguished panel comprising: Charles
Middleton, Managing Director of Triodos Bank; Seamus Gillen, Policy Director
with the Institute of Chartered Secretaries and Administrators (ICSA); Dominic

Over half of
corporates have no SEPA idea

It’s interesting that we’re now less than a year away from
SEPA’s end date for the Eurozone and so people are saying to me that SEPA
doesn’t matter so much as a discussion point anymore. This is because the

SEPA Infographic

I just got this infographic on SEPA from Misys and thought
it worth sharing as it’s pretty useful.

Barclays break the
gambling addiction

If you haven't seen it, there's a movement to stop banks
gambling on food commodity prices. It has been created by the World Development
Movement, and they describe the campaign as follows: Banks, hedge funds and
pension funds are betting…

How to Avoid Digging
Up the Road More Than Once

2013 An industry group supported by the Financial Services Club is harnessing
the power of ‘crowdsourcing’ and social networks to generate a list of the
regulatory issues most likely to cause…

What does EMIR mean?

In February, the European Parliament published the technical
standards for the European Markets Infrastructure Regulation (EMIR) which will
enter into force on 15 March 2013.  To
find out what this means, why not join us on Wednesday 14th March when we have
our fifth plenary meeting of the Clearing & Settlement Working Group
(CAS-WG) at the BT Auditorium, 81 Newgate Street, LONDON, EC1A 7AJ.  If
you would like to attend, please


The major general news stories of the past week include …  

the Bank Governor found time to ease van man's frustration over loan refusal

– The Independent
Mike Benson thought, as the owner of a profitable small business, a £10,000
loan for a new Ford Transit van wouldn’t be too much to ask.

for Italian bank Monte Paschi di Siena found dead
– The Telegraph
The spokesman of Monte Paschi di Siena, the Italian bank at the center of an
investigation into alleged corruption and fraud, has been found dead at the
bank's Siena headquarters.

left without money as RBS systems crash
– The Telegraph
Up to 17.5 million RBS banking group customers were left without their money
last night as the bank's systems crashed.

Osborne is defeated 26 to 1 on EU bonus caps
– The Telegraph
Britain has been defeated after being outnumbered 26 to one over controversial
European Union proposals to impose caps on bonuses paid to bankers.

consider legal action against 'unlawful' bonus caps
– The Telegraph
City lawyers have contended that the European Parliament's proposed cap on
bankers' bonuses could be defeated in court, paving the way for banks to launch
legal action against the controversial proposals.

Forbes Billionaires list: Record number of new entries appear on rich list, but
Carlos Slim and Bill Gates still top the charts
– The Independent
Pity Britain’s poor rich. Just one of our 37 US dollar billionaires squeezed
onto a list of the world’s 100 richest individuals.

set to unveil one of the biggest profit hauls in UK banking history with
announcement of £15.6bn profits
– The Independent
HSBC will unveil one of the biggest profit hauls in the history of UK banking
tomorrow – triggering another windfall for its chief executive.

managers turn to shadow banking
– Financial Times
As banks retreat, a growth opportunity for larger firms can also boost the real

you trust 'peer to peer' lending?
– The Telegraph
'Peer to peer' lending websites promise savers better returns. Emma Simon puts
them to the test .

Henderson is the human face of flexible banking
– The Telegraph
Ian Henderson, chief executive of Shawbrook, a new breed of bank set up to
challenge the Big Five explains his different approach.



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About Chris M Skinner

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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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