Regulation

Regulatory nightmares and technology dreams

We had the final 2012 plenary meeting of the Financial Services Club Clearing & Settlement Working Group (CAS-WG) yesterday. Well attended by industry luminaries, the debate was all about the usual stuff: regulations, standards, risk, issues, frustrations and opportunities. What was particularly interesting for me is that we now have three subject groups working in…

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How the USA can make bankers feel like Guantanamo Bay

David Bermingham was another recent guest at the Financial Services Club.  David was one of the NatWest Three, the three bankers who worked for NatWest in the 1990s and got caught up in the Enron scandal. What happened and how come David ended up in an American jail when he's a British citizen? Well, after presenting…

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TARGET2 for Securities [T2S] – the latest news

The ECB just released their latest Quarterly Update Magazine and, as we have a plenary meeting of the Clearing & Settlement Working Group next Tuesday, I thought you might be interested in an update on T2S from the ECB. T2S Programme Plan The T2S project is on track and progressing according to the Programme Plan, which…

TARGET2 for Securities [T2S] – the latest news

The ECB just released their latest Quarterly Update Magazine and, as we have a plenary meeting of the Clearing & Settlement Working Group next Tuesday, I thought you might be interested in an update on T2S from the ECB. T2S Programme Plan The T2S project is on track and progressing according to the Programme Plan, which…

A Banking Union? You must be joking!

For the last decade, I’ve been a fan of the Eurozone. It’s created a lot of business for many of us. The Financial Services Action Plan (FSAP), the forty or more Directives, the Single Euro Payments Area (SEPA) and all that stuff has been good for business for consultants, technologists and for some bankers too….

A Banking Union? You must be joking!

For the last decade, I’ve been a fan of the Eurozone. It’s created a lot of business for many of us. The Financial Services Action Plan (FSAP), the forty or more Directives, the Single Euro Payments Area (SEPA) and all that stuff has been good for business for consultants, technologists and for some bankers too….

#Occupy the Bank of England: Mark Carney

So all of the UK media were up in arms over the selection of Mark Carney as the new Governor of the Bank of England. Why such furor? Because they were all duped into not seeing him as being off the radar, with most bets on Deputy Governor of the Bank, Paul Tucker, to take…

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#Occupy the Bank of England: Mark Carney

So all of the UK media were up in arms over the selection of Mark Carney as the new Governor of the Bank of England. Why such furor? Because they were all duped into not seeing him as being off the radar, with most bets on Deputy Governor of the Bank, Paul Tucker, to take…

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Are we on or off the rails

At SIBOS 2012, I led a session on the future of money along with Udayan Goyal … … and asked the basic question: will the future still be built on the banking foundation? I'm writing up the session again, as my original description left out a core conclusion about the need to adapt to the future…

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Dodd-Frank (and EMIR): the unintended consequences

I was going to write one final piece about Japan, on a more serious note, as the SIBOS week really brought home to me the fact that there is a two speed financial world being regulated under one regulatory agenda. There are the growth markets of Asia, Africa and Latin America, who want regulation to…