UK Chancellor George Osborne gave a speech yesterday on banking reform in Britain. Widely quoted extracts from the speech have been posted in today's news headlines but, for those who like to make their own mind up, it's worth reading the whole speech in full. So, here it is: Thank you for welcoming me to…
We recently celebrated the two hundredth birthday of Charles Darwin. Darwin, the man who broke through the prejudiced views of the religious world of the Victorian era by being brave enough to say we were descended from apes and not created by God. That is a debate that still rages even today, and it is clear…
In another conversation, I gained a new dimension as to how the regulatory and governmental influence is changing a bank’s outlook. I was talking with a very senior manager in a bank. This person heads up risk, audit and compliance. He is a member of the bank’s executive board. A heavy hitting player. He had…
In another conversation, I gained a new dimension as to how the regulatory and governmental influence is changing a bank’s outlook. I was talking with a very senior manager in a bank. This person heads up risk, audit and compliance. He is a member of the bank’s executive board. A heavy hitting player. He had…
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…
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…
I just updated the LIBOR timeline with what's happening this year when five currencies are discontinued from LIBOR publications. In case you missed it, here's what's happening. At the end of the LIBOR timeline, the British Bankers’ Association (BBA) alerted me to their response and recommendations in light of the Wheatley review. The Wheatley review…
I just updated the LIBOR timeline with what's happening this year when five currencies are discontinued from LIBOR publications. In case you missed it, here's what's happening. At the end of the LIBOR timeline, the British Bankers’ Association (BBA) alerted me to their response and recommendations in light of the Wheatley review. The Wheatley review…
After discussing the economic backdrop, with a hot South America countering a consumerising Asia, it’s time to move on to looking specifically at the banking outlook, which is grim. Or is it? Obviously there’s a major flow of regulatory change with ring fencing, Volcker and Dodd-Frank all rumbling onwards and upwards, whilst European Market Infrastructure…
