Monthly Archives: July 2012

31 JulReconciliation. Not doing it properly is suicide and it is not painless

Suicide, or at least attempted suicide, is the inspiration for this week’s Blog post. Iowa in the mid-West of the USA is a long way from the financial capitals of the world, but a local tragedy provides a lesson for everybody who works in financial services. The Story PFGBest aka Pergrine is a small brokerage […]

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10 JulThe Canons of Cost Allocation. What is that charge for? Be Transparent.

“What gets measured gets managed.” That saying is as well known in banking as it is in any other industry. Less well articulated is the obvious first derivative of that: “If you can’t measure it, you can’t manage it.” Sometimes in banking we do that well; we are pretty good at differentiating between what is […]

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06 JulThe Canons of Allocations. Pragmatic. Don’t let the best be the enemy of the good.

I have commented in previous posts on the important role that allocations play in driving good behaviour . They are though not the global panacea for all banking ills; no degree of sophistication would have influenced the current trifecta of bad behaviour in the financial markets around LIBOR fixing (sic), IT snafus at RBS or […]

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