I'm in the middle of writing a long speech for Gresham College which I shall present on Wednesday evening. The title of the speech is: "Are Bankers Good or Bad for Society?" which we agreed way back in February. However, in light of Lord Turner's comments last month, this title is more prescient than ever….
I’ve attended quite a few conferences in the past month and was reflecting on the different themes they explored. The four that stand out most clearly are: risk management, regulatory reform, operational efficiency and innovation. Contemplating what each of these mean in practice makes you realise how difficult a job banks have on their hands…
In the securities settlement markets, we’ve spent years trying to break down barriers to clearing and settlement … and most of those barriers are still there. We wonder what to do about it? And regulation seems the only answer. Or is it? As we look at innovations in payments (retail, commercial covered in last two…
In the securities settlement markets, we’ve spent years trying to break down barriers to clearing and settlement … and most of those barriers are still there. We wonder what to do about it? And regulation seems the only answer. Or is it? As we look at innovations in payments (retail, commercial covered in last two…
A few folks seem to disagree with my assertion that branch-based banking is dead, but they may have misinterpreted my assertion as being branches are dead. They’re not. Branches are very much alive and kicking … just not as transaction centres. Branches are sales centres. And it is for this reason that the current branch…
A few folks seem to disagree with my assertion that branch-based banking is dead, but they may have misinterpreted my assertion as being branches are dead. They’re not. Branches are very much alive and kicking … just not as transaction centres. Branches are sales centres. And it is for this reason that the current branch…
During the Infosys conference this week, the hosts constantly asked the audience to vote on a variety of questions about innovation. The organisers did say that they had wondered whether innovation was the right subject to focus upon this year, considering that for some it would be the last thing on their minds, but then…
During the Infosys conference this week, the hosts constantly asked the audience to vote on a variety of questions about innovation. The organisers did say that they had wondered whether innovation was the right subject to focus upon this year, considering that for some it would be the last thing on their minds, but then…
