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Small is less than $5 billion

So another day draws to a close, with the usual mixture of sessions and chats from how to get automation into the smaller securities houses to how to use social media in finance. Funnily enough, the latter was in a small “Community” room hidden miles away from the conference floor which, by the time I…

“Asian banks are going to head West”

And so the first of the third day’s plenaries has just finished. This is one chaired by the ever so stately friend of the FSClub Jeremy Wilson, Chairman of the Global Councils for BAFT-IFSA and Vice Chairman of Barclays Bank. Jeremy was joined on stage by a panel comprising: Marco Bolgiani, Head of Global Transaction…

Jeremy

Chinese Banking and the 200,000 1RMB notes

Well, a lot of heavy partying last night as SunGard, Clear2Pay, Experian Payments, VocaLink and more hosted fantastic receptions at prestigious locations such as the House of Bols and the Heineken Brewery. Of course, I only popped in to have a diet coke and a sausage … So, got up this afternoon and thought about…

Icbc

The Long Now: 2015? or 2115?

Well, another fruitful day at #SIBOS 2010. After the morning plenary, I spent most of it debating big questions in the Long Now innotribe stream. The discussions today moved from trust to what ‘long’ means. For many, long means three years in their business thinking. But, in life, Long is eighty years or more. We…

The days of self-regulation are over

The first plenary session this morning was a long one and a good one, hosted by Anna Edwards, anchor for the CNBC TV team who are covering this year’s SIBOS. The theme was all about rebuilding trust, which Anna defined as “relying on the honesty and reliability of something” and that this is therefore a…

Restoring trust

A real tulip in Amsterdam

Another day another dollar, and so SIBOS day two begins. Up a little later today, after yesterday’s very early start for an interview on CNBC. Yesterday also finished quite late as we had a speaker’s dinner with the high and mighty of the SWIFT community at a top restaurant in the centre of Amsterdam. Must…

Orange

An interview with Stephen Hester

The final part of the work day yesterday was an interesting discussion with Stephen Hester, Chief Executive of the Royal Bank of Scotland (RBS) and Martin Wolf of the Financial Times. Here’s a summary of what he said, not verbatim and slightly interpreted, but near enough to be accurate: Martin: Why did you join RBS…

Hester

“Social media will bring banks to their knees”

Just out of the first plenary session which focused upon how regulatory reform and its likely impact upon the future structure of the industry. The session was chaired by Martin Wolf, Chief Economics Editor of the Financial Times, and comprised four panellists: Om Prakash Bhatt, Chairman, IBA & Chairman, State Bank of India Charles Goodhart…

Banks are just safe keepers of data

Just sat through the first innotribe Long Now discussion and it proved to be interesting. A small but nicely formed crowd gathered and we talked about banking for the next century and investing in the world for the next millennia. It all seems fairly esoteric maybe, but it did have one important outcome for me,…

Chew lips from Amsterdam

And so this year's SIBOS begins here in Amsterdam, and I'm up bright and early for a 7:30 meeting which is 6:30 UK time … yawn! First main session of the day is a discussion of securities and market infrastructures with the folks who lead various clearing and settlement firms.  There's Phil Brown, Member of…

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