As we’re in the final countdown to the end of year celebrations, it’s a good moment to reflect on what’s happened in 2012 in banking. If 2010, the mantra was all about banker’s bonuses, bank governance and bank risk; and 2011 was more about bankers not giving a damn about their customers or society; 2012…
Unsurprisingly, my Friday blog entry got some backlash on twitter and through direct comments on the blog itself. The original blog entry proposed that people do not want transparency, as unbundling costs makes them angrier than if they are bundled. The feedback tells me that's not quite right: Simon Deane-Johns, aka Pragmatist, says that the…
Unsurprisingly, my Friday blog entry got some backlash on twitter and through direct comments on the blog itself. The original blog entry proposed that people do not want transparency, as unbundling costs makes them angrier than if they are bundled. The feedback tells me that's not quite right: Simon Deane-Johns, aka Pragmatist, says that the…
We had a good debate this week about the future for multilateral interchange fees (MIFs) amongst the card companies. The argument made for change by regulators appears to boil down to that the card operators and issuers are ripping off customers by taking percentage fees opaquely. These fees are applied throughout the process, and the…
We had a good debate this week about the future for multilateral interchange fees (MIFs) amongst the card companies. The argument made for change by regulators appears to boil down to that the card operators and issuers are ripping off customers by taking percentage fees opaquely. These fees are applied throughout the process, and the…
Two journalistic heavyweights – Patrick Hosking in the Times and Financial Services Club friend Ian Fraser - have highlighted a number of questions that the Treasury Select Committee should ask Sir James Crosby, former Chief Executive of HBOS (now Lloyds), today. Sir James will be appearing in front of the Treasury Select Commitee at 3:30 GMT…
Two journalistic heavyweights – Patrick Hosking in the Times and Financial Services Club friend Ian Fraser - have highlighted a number of questions that the Treasury Select Committee should ask Sir James Crosby, former Chief Executive of HBOS (now Lloyds), today. Sir James will be appearing in front of the Treasury Select Commitee at 3:30 GMT…
Further to the launch of the Clearing and Settlement Working Group (CAS-WG) in the spring (read more here), the Subject Groups have been meeting regularly and have progressed towards building a regulatory risk model to test the impact of new regulations on clearing and settlement infrastructures. This will be discussed in depth at our next…
Further to the launch of the Clearing and Settlement Working Group (CAS-WG) in the spring (read more here), the Subject Groups have been meeting regularly and have progressed towards building a regulatory risk model to test the impact of new regulations on clearing and settlement infrastructures. This will be discussed in depth at our next…
Things we're reading today include … Barclays pressed to shed investment bank Jenkins urged to split Barclays 'Double strike' fear for RBS over Libor fines HSBC Chairman urges bankers to swear an oath UBS fined £29.7m for Adoboli case Trader fights extradition over alleged bond fraud Rainmaker: Don't bet on FSA shorting data UK regulator…
