Regulation

Every now and again I fall into the position of writing an episode of today’s issues set in a classic British sitcom.  Monty Python and Yes Minister are the two comedies that set much of my outlook on life and so, to celebrate the events in the City of the past week, here is this week’s Yes…

With all this talk of greed and corruption in the City (more on that later too), everyone is demanding a return to basic banking. I’ve heard this several times in the past week and over the past few years. Just yesterday, over lunch, my colleague was recalling the days when you needed credit from the…

More interesting dialogue about banking yesterday, and this time about financial inclusion. The fact that mobile phone ubiquity is creating a wirelessly connected planet, is a key part of changing our world for more inclusion. First, six billion people now have 1:1, P2P connections. You only need to look at mobile densities by continent to realise…

Yesterday marked another milestone in the progress of the Clearing & Settlement Working Group (CAS-WG), with our second plenary meeting. This time it was held at the London Stock Exchange … … and discussed the progress of the four Subject Groups that were created after our first meeting at the beginning of March. Since then,…

As mentioned, we had a keynote presentation at the Financial Services Club from Andrew Haldane, Executive Director responsible for Financial Stability with the Bank of England, last week. The presentation was delivered under the Chatham House Rule, so I cannot say too much about what Andy covered, but there was a theme throughout that may…

Talking with a friend this week, they said that they had found my blog entries a little over the top lately.  “Calm down”, she said, “and stop being a rebel without a cause.” But that’s where she’s wrong. I am a rebel (?) with a cause: the disruption of banking as we know it. Now…