I’m continually impressed and amazed by the speed of change in the technology of the investment markets. For example, last year was all talk about low latency and lit versus dark pools. This year, it’s all about private cloud-based services based upon colocation and proximity services. Next year, it will be all about real-time liquidity…
We had a fascinating and packed meeting at the Financial Services Club this week with David Doyle, EU Policy Advisor, discussing the challenges of the new Barosso European Parliament and their legislative drive in financial services. David is a regular visitor to the Financial Services Club, and runs our European Financial Regulatory Advisory Group. In…
It’s been a difficult time for City bankers, what with all the flak over bonuses and easy money after almost bankrupting the world. The longest lasting row relates to bonuses and remunerations packages. This hit the headlines a year ago, and was debated here with the arguments for and against. A year later, and the…
It's forty days since the introduction of the Payment Services Directive (PSD), so there has been lots of chat about the PSD this week, and how it’s working or not working. Derogations and interpretations are rife, with the hottest and most contentious issue being the fact that charges are now meant to be shared (SHA…
It's forty days since the introduction of the Payment Services Directive (PSD), so there has been lots of chat about the PSD this week, and how it’s working or not working. Derogations and interpretations are rife, with the hottest and most contentious issue being the fact that charges are now meant to be shared (SHA…
It's forty days since the introduction of the Payment Services Directive (PSD), so there has been lots of chat about the PSD this week, and how it’s working or not working. Derogations and interpretations are rife, with the hottest and most contentious issue being the fact that charges are now meant to be shared (SHA…
In the dialogue of the past week or so, an interesting theme has emerged. The theme is globally harmonised rules. In fact, there appears to be a tectonic plate shift towards some form of global neutrality. What I mean by this is that historically, the English have disliked the French and vice versa; the Americans…
