Future

I don’t know how your life has changed in the last year, but I realised how much mine had when I woke up this morning and thought must go and buy dog food. A year ago, I didn’t have a dog and my first thought would have been I must get to the airport to…

The climate activists of Extinction Rebellion expanded recently into a Money Rebellion, as I blogged about last Friday. Targetting the banks that pollute the planet – specifically Barclays and HSBC in the UK – they will hold a range of protests today, gluing themselves with locks to the entrance to bank branches and disrupting the…

I wrote two years ago about the BS that Blackrock talk about the climate. I mentioned this issue again in my update on the Money Rebellion last week and what really makes me angry is that  financial firms like Blackrock sign up to global agreements to protect the environment, and create a load of PR…

Money Rebellion I’m finding the world a bit surreal – is it just me? Locked down for a year; totalitarian states; governments attacking people; governments killing people; black lives matter; wars rising; tensions rising; demonstrations on the streets; no concerts, entertainment or hospitality … the list goes on. Meantime, there are basic issues that still…

I found this article from The Asia Times interesting. It discusses the idea that China is trying to displace the US dollar as a reserve currency. Difficult. The US dollar represents over 60 percent of all currency reserves around the world. For more, check Wikipedia The euro is 20 percent and yuan/renminbi doesn’t even register. But…

Building on yesterday’s blog, it’s an interesting moment in time. The old world structures reject cryptocurrencies whilst the new world structures accept them en masse. This was typified for me by a couple of headlines the other day: UK Bank NatWest Bars Businesses That Accept Crypto Signature Bank Goes Head-to-Head With Silvergate in Bitcoin-Backed Lending…

Building on my AML – or is that MAL? – blog, I was thinking about the cost of compliance and all of those 1000’s of people working in such functions. Then I was thinking that they are completely ineffective. I always remember presenting to a big conference of risk managers at a major European bank…

I’ve recently contributed to an Oracle report, providing the foreword – the report can be downloaded here – and highlights how data is changing the financial services landscape, and how banks can: thrive in the face of ravenous competition from digital banks, fintechs and tech players build an open banking infrastructure to take the lead…

I was reflecting, which is dangerous. I was reflecting on my antipathy towards bitcoin as, like most bankers, it appeared to be a bit of a scam with no asset behind it. Then I woke up to what the libertarians have been saying to me all along: any currency is a scam. The US dollar…