Regulation

The Financial Instability Report

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…

Sometimes it’s better to be slow

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…

Sometimes it’s better to be slow

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…

The big bailout mop-up

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…

The big bailout mop-up

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…

The big bailout mop-up

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…

Who’s to blame for this market meltdown?

The last month has seen the world crippled by financial markets that have dried up. Everyone is looking to blame someone, and governments are running around desperately trying to work out how to get the markets’ heart beating again. For all the efforts of everyone, it doesn’t seem to be working although we hope ,…

Who’s to blame for this market meltdown?

The last month has seen the world crippled by financial markets that have dried up. Everyone is looking to blame someone, and governments are running around desperately trying to work out how to get the markets’ heart beating again. For all the efforts of everyone, it doesn’t seem to be working although we hope ,…

Who’s to blame for this market meltdown?

The last month has seen the world crippled by financial markets that have dried up. Everyone is looking to blame someone, and governments are running around desperately trying to work out how to get the markets’ heart beating again. For all the efforts of everyone, it doesn’t seem to be working although we hope ,…

Who can get this heart beating?

Each day it gets harder to know what to say about the events taking place all around us. Sure, a bit of gallows’ humour, a bit of a laugh, a stick two fingers up at the markets and then put your hands together and pray things get better … it just gets hard to know…