Just came out of the main plenary session with Herbert Stepic, CEO of Raiffeissen Bank saying how great Central and Eastern Europe and Russian banking is doing, followed by Martin Wolf, Editor of the Financial Times chairing a panel on how sh*t American and European banking is doing. This followed a lunch with guys from…
I’ve spent the last two days locked in a conference centre in Nice at a key meeting of finance ministers, politicians, policymakers, bankers, insurers and exchanges. You can tell the type of meeting by the number of lashes each person has received by the tongues of their counterparties. Wonderful to watch and be a part…
I know I go on and on and on about Web 2.0 and social media, but I do this because these trends illustrate a fundamental shift in the way we live. The fact I’m blogging here every day, downloading music and film files, connecting globally with all my friends, family and business colleagues through my…
As 2008 progresses, some organisations are realising the true meaning of the Markets in Financial Instruments Directive, MiFID. First you have the new upstarts: Chi-X, Turquoise, BATS Europe, Equiduct, NASDAQ OMX Europe and more circling to take advantage. All of these Multilateral Trading Facilities (MTFs) have low latency, low price and low cost streamlined operations, and…
The phrase “a borderless, neutral single market for securities across Europe” is one that appears regularly throughout all communications on settlements services from the European Central Bank (ECB) and European Commission. In fact, it appeared a lot last Friday, when the ECB released two key documents: the TARGET2 for Securities (T2S) User Requirements and Collateral…
The phrase “a borderless, neutral single market for securities across Europe” is one that appears regularly throughout all communications on settlements services from the European Central Bank (ECB) and European Commission. In fact, it appeared a lot last Friday, when the ECB released two key documents: the TARGET2 for Securities (T2S) User Requirements and Collateral…
The International Central Securities Depositories (ICSDs) of Euroclear and Clearstream are very competitive with and against each other and, as mentioned yesterday, there are many other services that CSDs offer other than just settlement. The Linked Up Markets group and other activities are starting to change the landscape of these end game post-trade activities but,…
The International Central Securities Depositories (ICSDs) of Euroclear and Clearstream are very competitive with and against each other and, as mentioned yesterday, there are many other services that CSDs offer other than just settlement. The Linked Up Markets group and other activities are starting to change the landscape of these end game post-trade activities but,…
The International Central Securities Depositories (ICSDs) of Euroclear and Clearstream are very competitive with and against each other and, as mentioned yesterday, there are many other services that CSDs offer other than just settlement. The Linked Up Markets group and other activities are starting to change the landscape of these end game post-trade activities but,…
Brussels. 1998. A small, windowless room, in the lower halls of the European Parliament. The euro is almost here and the European Central Bank has just been inaugurated. High value settlement systems are in play and central banks can process euro’s across the Eurozone therefore. Phew! This meeting has been called to find out what…
