The main blog posts this week were …
If you want to convince the bank to change, read this blog
I was thinking about not sharing this info but hey, as you are good enough to read my blog … here’s the bottom-line on digital disruption (ed: oh no, Chris said the D-word!). There’s a slide that’s been doing the circuit for a while. It …
Real-time connections between regulators and banks is a game-changer
Had a really interesting chat about RegTech the other day. We were debating how regulators have changed in recent times, not just in encouraging start-ups and innovation, but it looking forward rather than backward. For most of the time that I’ve dealt with financial services, …
APIs is all about trains, ships and standards
We had a meeting of the Financial Services Club in Oslo last night, talking about the Payment Services Directive 2 (PSD2) and Open APIs (Application Program Interfaces). It was a fun meeting and covered the in’s and out’s of closed versus open APIs, the implications …
Welcome to Little Britain (and its hard Brexit)
In my travels over the past months, whether it’s Asia, America or around Europe, everyone asks me what I think about the Brexit vote. What’s going to happen? What does it mean? So I’m not going to write lots about Brexit, but every now and …
How do governments regulate a networked world?
Following on from yesterday’s blog about Little Britain and a hard Brexit, we all know the world has been globalising and, even though there is currently a backlash against globalisation per se, it is unstoppable. It is unstoppable primarily because of technology. The whole planet …
This weeks top 10 news stories are:
Hide and seek - Economist
IT WAS one of the most spectacular robberies of modern times. In February thieves tried to steal nearly $1 billion from accounts held by Bangladesh Bank, the central bank, at the Federal Reserve Bank of New York. They were thwarted, but only after spiriting away $101m. Since then Bangladesh’s government
Theresa May’s policies have 'echoes of the 1970s', says former Bank of England deputy Governor - The Telegraph
Stop moaning and back 'global Britain', urge City heavyweights - The Telegraph
Blockchain becomes more than just hype - Financial Times
Exchanges and start-ups are making their first moves to implement the technology
Some banks are too complex to break up - Financial Times
Yet they appear unable to consolidate towards higher profitability, writes Simon Samuels
Why RBS may be facing its most damaging scandal yet - The Telegraph
Bank of England's Mark Carney and Philip Hammond in bank 'war game’ - The Telegraph
Banks ponder the meaning of life as Deutsche agonizes - Reuters
WASHINGTON (Reuters) - It wasn't just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week.
RBS squeezed struggling businesses to boost profits, leak reveals - BBC
A leak of confidential documents reveals Royal Bank of Scotland sought to profit by charging fees to struggling businesses and buying up their assets cheaply.
Challenger bank Fidor adopts 'attack formation' - Computer Weekly
Referring to a description used in a German newspaper, Fidor CEO and co-founder Matthias Kröner said the bank’s acquisition by BCPE means it has adopted an “attack formation”.
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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...
