Our biggest stories of the past week are …
I said I would move away from EFMA Week, but the brain
washing achieved a true immersion as I realised there’s one last bit that was
missed: EFMA’s Research. A lot of good insights came from the week through
A final presentation from EFMA week that I need to reference
before moving on came from Eric Mackor, Head of Channel Development at the
Netherlands Retail Bank ABN AMRO (as opposed to the transaction bank part of
ABN AMRO that…
Another major focal point of the debate last week was around
information security, something that I presented around in-depth. My tenet is
that banks should place themselves firmly at the heart of information security
and offer customers a secure data…
As some of you will have gathered, I spent most of last week
in Brussels at the EFMA Distribution Week. During the week I heard a great
story about one bank's move from viewing Facebook as suspicious to being fully
committed to its use for core banking services for customers.
Before moving off Facebook banking, there were many other
mentions of Facebook Banking during the conference. For example DenizBank, the
Turkish subsidiary of Moscow-based Sberbank, believe that they were the first
to offer full service Facebook banking in January 2012,…
The major general news stories of the past week include …
virus that empties your bank account – AOL Money
Internet security experts are warning of a virus embedded into pages on
Facebook. Users who click the links are taken to malicious websites, which
install a virus. The virus then quietly sits on your computer, stealing
passwords and account details until it has enough details to empty your bank
executive accused of lying in £140m case – The Telegraph
The Barclays executive at the centre of a €164m (£140m) damages claim against
the bank was accused in court on Tuesday of telling a "blatant lie"
to cover up how the lender had allegedly mistreated a client.
of a Trade Revealed at Biggest U.S. Bank With Best Control – Bloomberg
Bloomberg analysis of what really happened with JPMorgan's London Whale losses
tell Barclays to hand over scandal papers – The Independent
New York prosecutors have reportedly ordered Barclays to hand over records
relating to the growing Liberty Reserve scandal.
system ‘waiting for next crisis’ – Financial Times
Sequence of crises have been trading-related, and the system is geared around
trading profits, or money borrowed from the future, says Kay
records startling collapse of eurozone interbank loans – The Telegraph
Cross-border lending is falling drastically across the western world as banks
slash exposure to Europe and bend to tougher capital rules, according to data
from the Bank for International Settlements.
lays out "simple" plan for how to handle bank failures – Reuters
LONDON (Reuters) – Central bank forum the Bank for International Settlements
laid out a blueprint on Sunday for how to recapitalize a major lender in the
event of a failure, seeking to avoid the sort of chaotic ad hoc rescues seen
since 2008's financial crash.
jokes about own future in Princeton commencement speech – Reuters
(Reuters) – Never believe Federal Reserve Chairman Ben Bernanke doesn't have a
sense of humor.
sends cash tumbling – The Independent
The amount of cash used to make retail purchases has tumbled to an all-time
low, as consumers continue to step up their usage of debit cards.
predicts Pingit demand surge – Express and Star
Barclays said it has already seen large spikes of activity over recent bank
holidays, with a 300% increase in people logging into its Pingit app over the
Easter and early May bank holidays compared with normal weekends.
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