We had a busy day in the UK over the past two days with the release of the Parliamentary Commission Report, George Osborne’s speech about banks and the economy at the Mansion House and the announcement by the Prudential Regulatory Authority that there is a £27.1 billion capital shortfall in the UK banking system. These…
I remember in one of our early Financial Services Club meetings, a member of the UK Government’s Treasury Select Committee asking our attentive throng: can any of you explain APR to me? Not a single person in the room raised a hand. This is either because no-one wanted to answer the question or no-one could….
We had another round of debate about fixing the banking system at the Financial Services Club this week (read Part One here). This time it was the turn of the shareholder, media and industry to air their views, ably represented by: David O'Hara, Shareholder and Activist Investor, Blackthorn Focus; Nick Kochan, Author and Journalist; and…
We had another round of debate about fixing the banking system at the Financial Services Club this week (read Part One here). This time it was the turn of the shareholder, media and industry to air their views, ably represented by: David O'Hara, Shareholder and Activist Investor, Blackthorn Focus; Nick Kochan, Author and Journalist; and…
For the fifth year, the Financial Services Club ran a survey of payments professionals worldwide to see how successfully regulations and technologies are changing the European payments landscape, sponsored by CGI and EBA CLEARING. The survey ran during the spring of 2013, and was completed by 422 participants across over…
For the second time recently, I got to hear the thoughts of Andrew Bailey, CEO of the new Prudential Regulation Authority (PRA) and Deputy Governor for Prudential Regulation at the Bank of England. This time was at the annual dinner for the Chartered Institute of Bankers in Edinburgh. A fine evening and occasion, with lots…
We had a fascinating insight into the issue of swaps mis-selling from Jeremy Roe last night at the Financial Services Club. Jeremy was a victim of the process and has been championing the cause ever since. He now counts 1,200 companies in his group, Bully Banks, out of the 40,000 cases that have been identified…
As mentioned yesterday, we finished the debate at the CAS-WG Plenary with a panel discussion about the future for the City and the UK financial system in light of European regulatory change. The panel consisted of (from left to right): Bob Fuller, Director at Fixnetix; Andrew Simpson, Market Structure Consultant; and Martin Watkins Director, Market…
As mentioned yesterday, we finished the debate at the CAS-WG Plenary with a panel discussion about the future for the City and the UK financial system in light of European regulatory change. The panel consisted of (from left to right): Bob Fuller, Director at Fixnetix; Andrew Simpson, Market Structure Consultant; and Martin Watkins Director, Market…
We had our fifth plenary meeting of the Clearing & Settlement Working Group (CAS-WG) in March. The meeting covered all the latest issues, news and views, and was kicked off by Greg Caldwell, Chair of the Regulations Subject Group, who outlined the complexity of European and Global Regulations through this slide outlining the Rubik’s Cube…
