Chris Skinner's blog

Shaping the future of finance

Regulation

Bill Clinton on creating a ‘bad bank’

At the 2009 World Economic Forum, former President Bill Clinton jokes about Vladimir Putin’s comments on free enterprise and then defends creating a ‘bad bank’ to spur economic stimulus.

Jamie Dimon: a CCP for OTC is Bad

Speaking of Jamie Dimon’s appearance at Davos, he called upon a rethink of the Central Clearing System for OTC Derivatives that everyone wants to see in play. The clearing and settlement area is the plumbing of financial service, where all risks of sellers or buyers defaulting are managed by the clearer acting as the buyer…

JP Morgan’s premature evacuation

As most banks see the brown stuff hitting the fan, they must be really jealous that JPMorgan seem so clean.  JPM’s CEO Jamie Dimon was one of the few bank chiefs willing to stick his head above the parapets this week at Davos, saying things like:“We gave them (customers) weapons of mass destruction to borrow…

European Regulators scramble to plug the gaps

David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…

European Regulators scramble to plug the gaps

David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…

European Regulators scramble to plug the gaps

David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…

Davos never forecast this lot

In 2006, I was honoured to be invited to join a project looking at scenarios for the financial markets, as an advisor to the World Economic Forum.  The first call I had with the project leaders, they asked me what concerned me most about banking? I spent most of the time talking about concerns around…

Davos never forecast this lot

In 2006, I was honoured to be invited to join a project looking at scenarios for the financial markets, as an advisor to the World Economic Forum.  The first call I had with the project leaders, they asked me what concerned me most about banking? I spent most of the time talking about concerns around…

Davos never forecast this lot

In 2006, I was honoured to be invited to join a project looking at scenarios for the financial markets, as an advisor to the World Economic Forum.  The first call I had with the project leaders, they asked me what concerned me most about banking? I spent most of the time talking about concerns around…

UK’s Faster Payments will start one day

After being pushed back six months to May 2008, due to the challenge of the developments required for Vocalink, APACS claim today that the Faster Payments Service has been a great success. The good news is that RBS, Natwest and Barclays report that nearly 100% of their bill payments are made on the same-day. The…