Forrester just produced a report about why Google will not become a bank, but will focus upon leveraging their information services around transactions. It’s an interesting viewpoint and one I agree with. As blogged here regularly, Google is unlikely to ever become a bank. They would lose too many friends. But Google will become an…
After outlining the four main buckets of risk that banks have to tame: market, credit, liquidity and operational; the real issue is the bank’s structure. Historically, banks have been built in product silos and hence there is no sense of enterprise risk. The retail and commercial bank secures funding through the investment bank, but none…
After outlining the four main buckets of risk that banks have to tame: market, credit, liquidity and operational; the real issue is the bank’s structure. Historically, banks have been built in product silos and hence there is no sense of enterprise risk. The retail and commercial bank secures funding through the investment bank, but none…
When I first started working in banking, I didn't have much idea about risk, Then I was told about market and credit risk, the two major forms of trading risk in the mainstream markets. Put simply: market risk is the risk of losses from trading whilst credit risk is the risk of the counterparty being…
After the huge arguments between London and Brussels over bankers’ bonus levels, where the UK has argued Europe is encouraging our bankers to leave and go to Geneva, New York and Hong Kong, we have now responded by introducing levels of punishment for financial wrongdoing that far outstrips those in Geneva, New York and Hong…
I just read some interesting research by the Bank Workers Charity, a charity set up over a century ago to provide education to orphans but, today, a charity that looks after the needs of redundant or sick (not cool, but ill) workers in finance. They’ve been very busy lately. One of the more interesting things…
