Regulation

I read three interesting commentaries this week about the financial crisis, and it builds upon yesterday’s discussion of Credit Suisse being the first bank for over a decade to admit to criminal wrong-doing in the USA. The first is from Private Eye last week:

There have been a few major headlines lately about the American fines of banks. I’ve blogged about some of them like Standard Chartered and HSBC, but the news has recently seen several more major headlines such as Credit Suisse today being fined $2.6 billion for criminally aiding US citizens in tax evasion …

There have been a few major headlines lately about the American fines of banks. I’ve blogged about some of them like Standard Chartered and HSBC, but the news has recently seen several more major headlines such as Credit Suisse today being fined $2.6 billion for criminally aiding US citizens in tax evasion …

I was lucky to chair this year's International Payments Summit in London, and a lot of talk was about regulation.  The organisers are kind enough to summarise the debate so here's a snapshot from their 12-page conference summary report (if you want more, then come to next year's meeting 😉 …

I was lucky to chair this year's International Payments Summit in London, and a lot of talk was about regulation.  The organisers are kind enough to summarise the debate so here's a snapshot from their 12-page conference summary report (if you want more, then come to next year's meeting 😉 …

After yesterday’s post about KYC, PEPs and AML, someone said: “so what’s the point Chris?” @FSClub not quite sure of the point you are making here. Money L bad. Hard to catch. Harder if not in official channels. It was ever thus? — Julian Lee (@JulianDDLee) May 8, 2014

I have recently spent a lot of time talking about KYC (Know Your Client), AML (Anti Money Laundering, often confused with ALM which is Asset and Liability Management), Client Onboarding, PEPs (Politically Exposed Persons) and SARs (Suspicious Activity Reports). It’s all wrapped up in financial crime, compliance, legal, audit and …

I have recently spent a lot of time talking about KYC (Know Your Client), AML (Anti Money Laundering, often confused with ALM which is Asset and Liability Management), Client Onboarding, PEPs (Politically Exposed Persons) and SARs (Suspicious Activity Reports). It’s all wrapped up in financial crime, compliance, legal, audit and …

I had a Red Pill moment last week. Not an Aha moment but a Red Pill moment because I realised the false reality of our world. You see, I present all the time and talk about the forces of change for the future: Political, Economic, Social and Technological (PEST). I …

I chaired a meeting recently between counterparty banks.  The focus of the discussions was Basel III and, specifically, three new regulatory ratios required for banks to manage:

I’m just preparing a presentation in Canada and realised that, like most countries, the competitive landscape of Canadian banking has not changed much in the last century. Sure, there’s been some M&A and sure, the big banks are competing hard with each other but, outside that … Here’s the issue: …

In America and Europe, stress tests are regularly applied to see whether the banks are becoming more resilient to another crisis.  The latest results of the American stress tests shows that all but one (Zions Bancorp) of the top 30 US banks are ok. Europe is different. Having said that Europe …

In America and Europe, stress tests are regularly applied to see whether the banks are becoming more resilient to another crisis.  The latest results of the American stress tests shows that all but one (Zions Bancorp) of the top 30 US banks are ok. Europe is different. Having said that Europe …

It’s EU elections time, and so the mad moments begin. All of the eurocrats are keen to push through their final legislative agendas and so, just in the past week, we’ve seen the introduction of or revisions to everything from the Tobacco Products Directive to the Package Travel Directive to the  Collective …

It’s EU elections time, and so the mad moments begin. All of the eurocrats are keen to push through their final legislative agendas and so, just in the past week, we’ve seen the introduction of or revisions to everything from the Tobacco Products Directive to the Package Travel Directive to the  Collective …