A summary of the main blogs of the week …
I guess I’m an optimist and, in a world of pessimism, it’s an interesting place to be. I say a world of pessimism as all I’ve seen since the Brexit vote and Donald Trump being President-elect is negativity. A constant stream of we are screwed …
I write so much that I sometimes forget what I’ve written, where. For example, Mark Sievert of Silicon Valley Bank made an interesting comment on my predictions for 2017: Happy New Year Chris! One topic I am not hearing much about is the OCC December …
I seem to find most of the truly exciting stories these days are happening in unexpected places. Tanzania, Indonesia, Turkey, China, Brazil … and specifically India. I wrote a fair bit about the demonetisation program in India at the beginning of December, saying that it’s …
So one of my 2017 forecasts is coming true already: it is the year that blockchain moves out of proofs of concept and work and into the mainstream. Two great examples broke out this week from skunk works to media. The first I spotted was …
I’m just starting a project on real-time, immediate, faster payments or whatever you call it. It’s basically making a payment that is either settled within seconds or the data is moved and settlement takes place at a later time, but it look immediate. There’s lots …
In case you missed it, there was an important keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at a conference in France last Friday. It has some key announcements in there, so I’m reproducing the speech here for those interested …
And this week’s top 10 news stories are:
The City issues Brexit deal demands – The Telegraph
Value of reported fraud in UK financial services falls sharply – Financial Times
But actual incidences increased more than 31%, says study
The Swiss central bank turned a record-setting loss into a massive profit – Quartz
If 2016 was a bad year, somebody forgot to tell Switzerland’s central bank. It expects to report a profit of 24 billion Swiss francs ($23.6 billion) for 2016, one of its best years ever. This is a major turnaround from 2015, when it recorded its biggest loss in history, of 23 billion francs.
Generation war: Baby boomers v millennials – BBC
What are the financial prospects facing a graduate from 2015 versus a graduate from the 1970s?
Blockchain receives its first big test case – Financial Times
Emerging tech draws group that handles more than $1,500tn of securities a year
Biggest banks in line for $200m regulatory costs – Financial Times
New Basel rules due to come in globally in 2019 will create need for 2,000 staff
City bosses to face MP grilling over Brexit claims – The Telegraph
‘A major bank will fail’ – BBC
Cybersecurity promises to be major tech theme for 2017, but what are the others?
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