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Opinion

How a bank should respond to ‘disruption’

The word ‘disruptive’ is being bandied about liberally in the debate about new competitors, such as Zopa. First, as I’ve said before, banks don’t really have any competition except between the incumbents, due to the structure of the industry. Second, where there are openings, then disruptive new players may find …

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MiFID’s progress: slow, but sure

MiFID

It's been a while since I wrote about MiFID and so, when I was asked to provide an update recently, here's what my take on the world of European trading is like two years on. Two years after the Market in Financial Instruments Directive (MiFID) came into force in Europe …

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MiFID’s progress: slow, but sure

MiFID

It's been a while since I wrote about MiFID and so, when I was asked to provide an update recently, here's what my take on the world of European trading is like two years on. Two years after the Market in Financial Instruments Directive (MiFID) came into force in Europe …

Read More »

MiFID’s progress: slow, but sure

MiFID

It's been a while since I wrote about MiFID and so, when I was asked to provide an update recently, here's what my take on the world of European trading is like two years on. Two years after the Market in Financial Instruments Directive (MiFID) came into force in Europe …

Read More »

UK banks give thanks for fair value accounting

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The UK banks announce their half year results this week (results are provided at the end of this entry, as they are released).  And the results look good. Not great, but good. This follows on the US banks second quarter results, with Goldman Sachs reporting record profits that were twice …

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UK banks give thanks for fair value accounting

_46158375_banks_profit_loss_466gr

The UK banks announce their half year results this week (results are provided at the end of this entry, as they are released).  And the results look good. Not great, but good. This follows on the US banks second quarter results, with Goldman Sachs reporting record profits that were twice …

Read More »

Why banks aren’t lending

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I had a few calls yesterday to talk about what’s going on between the Chancellor, Alistair Darling, and the banks. Oh yes, and Peter Mandelson was in there somewhere. It was all to do with their bigwig government meeting yesterday, where the government was giving banks a grilling about why …

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SIBOS #1: Why banks don’t get innovation

So it’s six weeks until SIBOS and, at SIBOS, I’m participating in a stream all about innovation called innotribe. Innotribe is going to be a hotbed discussion of new things in banking, particularly new disruptive technologies such as cloud computing, mashups and crowdsourcing. To be honest, all of those interest …

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SIBOS #1: Why banks don’t get innovation

So it’s six weeks until SIBOS and, at SIBOS, I’m participating in a stream all about innovation called innotribe. Innotribe is going to be a hotbed discussion of new things in banking, particularly new disruptive technologies such as cloud computing, mashups and crowdsourcing. To be honest, all of those interest …

Read More »

SIBOS #1: Why banks don’t get innovation

So it’s six weeks until SIBOS and, at SIBOS, I’m participating in a stream all about innovation called innotribe. Innotribe is going to be a hotbed discussion of new things in banking, particularly new disruptive technologies such as cloud computing, mashups and crowdsourcing. To be honest, all of those interest …

Read More »

Hank Paulson has no shame

We go around trying to find someone to blame for the financial crisis.  Some choose Alan Greenspan, others George W., some Bill Clinton and one or two even blame David Bowie, but my leading contender has to be Henry 'Hank' Paulson. First, as head of the US Treasury, it was …

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