Regulation

So the governments of the world pumped in $3.5 trillion to the banking markets over the past month.  Markets that have lost $2.8 trillion over the past year. And what do the banks do? Well the US banks, who received $700 billion, used $70 billion to pay staff bonuses and about $100 billion to pay…

So the governments of the world pumped in $3.5 trillion to the banking markets over the past month.  Markets that have lost $2.8 trillion over the past year. And what do the banks do? Well the US banks, who received $700 billion, used $70 billion to pay staff bonuses and about $100 billion to pay…

Whatever we say about the Eurozone and its challenges, particularly in light of the credit crunch, we have a problem. When Ireland announced guarantees for all customer deposits, without limits, earlier this month it led to a crisis of confidence. The crisis was the flow of funds from all EU countries to Ireland as a…

Whatever we say about the Eurozone and its challenges, particularly in light of the credit crunch, we have a problem. When Ireland announced guarantees for all customer deposits, without limits, earlier this month it led to a crisis of confidence. The crisis was the flow of funds from all EU countries to Ireland as a…

The Bank of England (“the Bank”) released their Financial Stability Report today … or should we rename this the Financial Instability Report as that’s what we’ve seen for the last few months. The Report reviews the UK banking system every six months and started back in 1996. In that first report, the Bank said: “The…

The Bank of England (“the Bank”) released their Financial Stability Report today … or should we rename this the Financial Instability Report as that’s what we’ve seen for the last few months. The Report reviews the UK banking system every six months and started back in 1996. In that first report, the Bank said: “The…

The Bank of England (“the Bank”) released their Financial Stability Report today … or should we rename this the Financial Instability Report as that’s what we’ve seen for the last few months. The Report reviews the UK banking system every six months and started back in 1996. In that first report, the Bank said: “The…

I chaired a dinner this week on speeds, feeds and latency in the City’s Capital Markets. Fascinating stuff all about the latest Multilateral Trade Facilities (MTFs) and how Chi-X and Turquoise claim to be ripping up the old exchange models by processing trades in 2 milliseconds. During the course of the conversation, I found something…

I chaired a dinner this week on speeds, feeds and latency in the City’s Capital Markets. Fascinating stuff all about the latest Multilateral Trade Facilities (MTFs) and how Chi-X and Turquoise claim to be ripping up the old exchange models by processing trades in 2 milliseconds. During the course of the conversation, I found something…

Looking through the key headlines of last week, the biggest headline of the week had to be the one from the Daily Telegraph: “£2,000,000,000,000” That’s about the size of the bailout budget generated by the actions of Gordon Brown and other world leaders over the past week. In the UK, that bill of £500,000,000,000 ($850…