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Regulation

Banker commits murder and gets away with it

A year ago, the FSA issued a short 298-word statement saying that after an extensive 17 month investigation into the collapse of the Royal Bank of Scotland (RBS), no action would be taken against Sir Fred Goodwin or others. There was a general outcry, so much so that after initially dismissing any indepth report, they…

Banker commits murder and gets away with it

A year ago, the FSA issued a short 298-word statement saying that after an extensive 17 month investigation into the collapse of the Royal Bank of Scotland (RBS), no action would be taken against Sir Fred Goodwin or others. There was a general outcry, so much so that after initially dismissing any indepth report, they…

As my SEPA gently weeps …

I hosted a dinner last night with a focus upon developments with SEPA and innovation. What innovations has SEPA introduced? Long silence. To be honest, there are some – the ability to cash concentrate direct debits into the most efficient countries using SDDs (SEPA Direct Debits) for example –but the list is real short. We…

As my SEPA gently weeps …

I hosted a dinner last night with a focus upon developments with SEPA and innovation. What innovations has SEPA introduced? Long silence. To be honest, there are some – the ability to cash concentrate direct debits into the most efficient countries using SDDs (SEPA Direct Debits) for example –but the list is real short. We…

The Future of UK Regulation (FSA Speech)

Margaret Cole, Interim Managing Director, Conduct Business Unit at the Financial Services Authority (FSA), gave a great speech at the Financial Services Club last week.  Margaret's Conduct Business Unit will become the Financial Conduct Authority in 2013, when the Financial Services Authority splits into two units. Everyone is interested to know what this means, but the…

MargaretCole

The Future of UK Regulation (FSA Speech)

Margaret Cole, Interim Managing Director, Conduct Business Unit at the Financial Services Authority (FSA), gave a great speech at the Financial Services Club last week.  Margaret's Conduct Business Unit will become the Financial Conduct Authority in 2013, when the Financial Services Authority splits into two units. Everyone is interested to know what this means, but the…

MargaretCole

Banks wasting billions on inefficient clearing

So the morning continues with the innotribe team discussing digital identities, with contributions from a wide range of folks, including: Azeem Azhar, CEO, Peerindex Scott David, Partner, K&L Gates LLP Tony Fish, Founder/CEO, AMF Ventures Mary Hodder, Chair, Personal Data Ecosystem Consortium Michael Ouliel, Founder and CEO, Ripples HLS Group Drummond Reed, Chairman and Chief Trust Officer, Connect.Me; Co-Chair, OASIS XRI…

Sweet

Banks wasting billions on inefficient clearing

So the morning continues with the innotribe team discussing digital identities, with contributions from a wide range of folks, including: Azeem Azhar, CEO, Peerindex Scott David, Partner, K&L Gates LLP Tony Fish, Founder/CEO, AMF Ventures Mary Hodder, Chair, Personal Data Ecosystem Consortium Michael Ouliel, Founder and CEO, Ripples HLS Group Drummond Reed, Chairman and Chief Trust Officer, Connect.Me; Co-Chair, OASIS XRI…

Sweet

The similarities between banks and landmines

Last night I was presenting to the MAG-net group. MAG-net is the networking group in the City for the Mines Advisory Group, MAG, a charity supported by the Financial Services Club and others that clears areas of mines so that schools, villages and life can continue as it should in post-war territories. They invited me…

Goldman sachs

Bickers over Vickers: the right stuff?

So the Vickers Report has finally crept out into the wilderness. All 358 pages of it. Half of it talks about how to increase the competitiveness of banking and the other half about what to do if a bank fails in another crisis. The latter has garnered all the news headlines, whist the former has…

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