No, it’s not about flagellation and sado-masochism, although the current regulatory regime is not far off that. It’s also true that the regulatory regime is pretty mind-boggling these days, with fifty shades of interpretation of fifty shades of law. This was made clear to me in dialogue with a group of European banks involved in…
At the start of the year, I always make a few predictions about what will happen in the following year. Watch this blog in January for 2013’s predictions. But what were the predictions for 2012? Well Economically, I made the following forecasts: Asia’s light continues to shine, but not quite as bright American equities is the place…
At the start of the year, I always make a few predictions about what will happen in the following year. Watch this blog in January for 2013’s predictions. But what were the predictions for 2012? Well Economically, I made the following forecasts: Asia’s light continues to shine, but not quite as bright American equities is the place…
I was asked to give a pre-dinner speech by SAS for a group of Chief Risk Officers (CRO’s) in Amsterdam recently. Here’s the speech. Good evening ladies and gentlemen. I wasn’t sure how to start this evening, and decided to begin with the collective noun for a group of CRO’s. You are collectively known as a…
I was talking at a conference and a regulator was on the panel. The panel chair asked him: “should we think about innovation first or regulation?” and he responded by saying: “It is not a question of regulation or innovation. I would rather ask the question: why do we need innovation at all? Who is it…
