Yearly Archives: 2013

15 DecIntraday Liquidity. How regulators will measure from 2015

The BCBS guidelines are titled “Monitoring Tools for intraday liquidity management”.  The title is disingenuous; from the perspective of the banks they are not tools, they are KPI’s or KPI’s. Key Risk or Performance Indicators. And, they are a measure of credit taken and credit given. The more you either take or give, the more likely […]

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08 DecIntraday Liquidity Management – The new, old thing

  Liquidity in banks is like water in a big city; people assume that when they turn on the tap it is there. The banking world is now a year away from a major change in how it has to measure its intraday liquidity usage. How it responds matters, to the tune of millions in […]

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25 NovFraud – Bank insiders defrauding clients – Third Party Payments

Inspiration for this week’s post comes from the Far East, where the local operation of a Swiss bank was recently revealed to have been the victim of a $13mm dollar payment fraud. Now fraud will happen, yet what makes this worth a second look is that it happened in such an obvious risk area, that […]

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07 NovInstitutional memory. An asset that does not appear on the balance sheet.

People are our most important asset. A well used saying in many corporate values statement. I think there is a special, vital ingredient on the infrastructure side of the house which deserves mention. Institutional memory. In a recent article on the Warren Buffet / 3G takeover of Heinz, there was a cutting comment about the […]

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28 OctInfrastructure. Lessons from Bill Shankly and Boris Johnson

Infrastructure. The Cinderella Function and the forgotten asset; not just in banks. Inspiration for this week’s post comes from three sources that are poles apart, both in time and style. For all the differences, the stories help make a point that is near and dear to me; the value of robust infrastructure and the need […]

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16 OctFirst Hand First Impressions – Amex, that will not do nicely!

First impressions count. That is not news and in fact is such old hat, that one would think most businesses really understand this. Not so, the good folk of American Express. As a process hawk, I love a good process on the one hand and get a bit OCD about bad process on the other; […]

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08 OctIdeas and Metcalfe’s Law

Ideas are worth sharing. This week’s post is inspired by two recent events; a great post on LinkedIn and a conversation with a great friend and great thinker over lunch about why it pays to share ideas. Over a recent lunch with one of the great thinkers in and around the Financial Services business, Simon […]

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30 SepA Day Late & A Dollar Short and claiming a new roadblock

This is a sequel to earlier posts on “Unacceptable Excuses for Not Getting the Job Done”. It’s about big places and what a wise and great old friend, Chris Kundro, aptly titled Big Place BS. The post is inspired by a frustrating experience and my own inability to usher an important process along as fast […]

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12 SepA Whale of a Time with the Smoking Gun Spreadsheet (Revised, with link)

Jamie Dimon has been wishing the Whale problem would simply go away. He has put up a fair defence, rightly pointing out that no clients were harmed and the problem was the bank’s own stupid fault. As admirable as his stance is, three are two aspects of this case that are going to lead to […]

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04 SepGood Cheap Fast = Control Capacity Cost

Some weeks ago a superb picture was posted here on LinkedIn that inspired me. It is a really catchy way of capturing the three qualities that matter to me in my consulting work. 3CAdvisory is about Control, Capacity & Cost. I believe you can align all three of those things. There is a right way […]

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