Survey reveals that SEPA and the PSD are progressing but liquidity risk needs addressing Research finds liquidity risk is a major potential exposure for the future and calls for more automation The Financial Services Club and Logica revealed the results of their annual research into the state of play in European Payments and the progress of…
Survey reveals that SEPA and the PSD are progressing but liquidity risk needs addressing Research finds liquidity risk is a major potential exposure for the future and calls for more automation The Financial Services Club and Logica revealed the results of their annual research into the state of play in European Payments and the progress of…
I’m sitting in a restaurant the other day, and hear the following conversation … Banker One: “So what’s this Bribery Act thingamajig?” Banker Two: “New Law. Came into force July 1st.” mnum, yum, mnum. Banker One: “Yea, I know that”, mnum yum. “I meant what does it mean?” Banker Two: glug, glug. “Can’t take a bung…
One of the more outspoken reactions to my post on payday firms came from Wonga. Not surprising as my original headline was that “Wonga will wrestle with regulators”, and they will as the markets are pretty unregulated today. A point I made last Friday. I also mentioned last Friday that the original reason I wrote…
One of the more outspoken reactions to my post on payday firms came from Wonga. Not surprising as my original headline was that “Wonga will wrestle with regulators”, and they will as the markets are pretty unregulated today. A point I made last Friday. I also mentioned last Friday that the original reason I wrote…
Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong. I am NOT against payday loans firms or their operations (I actually admire Wonga's technology ops). I AM against the…
Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong. I am NOT against payday loans firms or their operations (I actually admire Wonga's technology ops). I AM against the…
In my usual quiet way, I was interviewed by Bloomberg last Thursday in anticipation of the European Banking Authority (EBA), previously the Committee of European Bank Supervisors (CEBS), about the forthcoming stress tests released on Friday. Last year, these tests were quite laughable and this year I expected more of the same. Here's the whole…
Paul Volcker’s in town and he’s been everywhere! He popped up on Bloomberg, and “said the pace of financial-regulatory reform has slowed ‘to the point of ineffectiveness’ because of the complex work needed and resistance of lobby groups.” He made a few comments on Reuters, and said “there are limits as to how much more (the Federal Reserve)…
For the past two years, we have performed a major survey around the euro and the Eurozone, and how the developments of the infrastructures to support this is changing. The survey for 2011 is now live and looks at the world after the PSD and SEPA, particularly the implications of the end of the euro,…
