The UK government has just published a document titled 'The Road to the London Summit'. This represents Gordon Brown's plan for getting the global economy back on track through a new global deal. The report sets out the 'Global Deal' – a package of internationally coordinated measures to restore stability in the financial systems, and set a…
A couple of weeks ago, I blogged about Germany's Black Swan Banks. Now, Chancellor Angela Merkel is set to change German law to seize private property back, for the first time since the War, in order to fully nationalise Hypo Real Estate (HRE). According to the German newspaper Weld, "the German government has agonised over…
A couple of weeks ago, I blogged about Germany's Black Swan Banks. Now, Chancellor Angela Merkel is set to change German law to seize private property back, for the first time since the War, in order to fully nationalise Hypo Real Estate (HRE). According to the German newspaper Weld, "the German government has agonised over…
In a speech by Lorenzo Bini Smaghi, Member of the Executive Board of the European Central Bank (ECB) last Thursday, he emphasized the idea of a single EU regulator. This has been mooted since the Financial Services Action Plan (FSAP) was created in 2000, and is a regular discussion. It is now even more discussed…
In a speech by Lorenzo Bini Smaghi, Member of the Executive Board of the European Central Bank (ECB) last Thursday, he emphasized the idea of a single EU regulator. This has been mooted since the Financial Services Action Plan (FSAP) was created in 2000, and is a regular discussion. It is now even more discussed…
Our next meeting of the Financial Services Club in London takes place on 26th February, and will focus upon on how technology is changing the competitive landscape of equities exchanges, with a particular emphasis on low latency. This will be an in-depth panel discussion between: Charlotte Crosswell, President, NASDAQ OMX; Chris Pickles, Marketing Director, Financial…
ZDNet has just had a bit of a coup with a fascinating article, white paper and webcast, explaining how Goldman Sachs calculate and manage risk. The webcast finishes with a view that by being involved in selling Credit Default Swaps (CDS) on the one hand whilst moving collateral risks off balance sheet through CDS on…
ZDNet has just had a bit of a coup with a fascinating article, white paper and webcast, explaining how Goldman Sachs calculate and manage risk. The webcast finishes with a view that by being involved in selling Credit Default Swaps (CDS) on the one hand whilst moving collateral risks off balance sheet through CDS on…
I promise to write up more of the Middle Eastern case studies and issues soon, but became distracted because next Monday I’m joining a debate in Ireland. The debate is at the UCC Philosophical Society, one of the largest and oldest debating societies, and they came up with a wonderful motion: “this house believes that…
I promise to write up more of the Middle Eastern case studies and issues soon, but became distracted because next Monday I’m joining a debate in Ireland. The debate is at the UCC Philosophical Society, one of the largest and oldest debating societies, and they came up with a wonderful motion: “this house believes that…
