The Bankers' Plumber

Thoughts on events and developments in the Financial Services industry. Some of these posts appear in the Bankers Plumber's Handbook

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08 JunGreat infrastructure is the great enabler. Stuff worth knowing from The Bankers’ Plumber

Infrastructure. What does that mean? It feels like something that is intangible. I am lucky enough to live in Switzerland, where infrastructure is actually something really tangible, whose value you experience every day. Public transport works, the schools work and kids have various routes to getting a very good education, we have fibre and broadband […]

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07 MayRTGS systems are not fit for some purposes. Stuff worth knowing from The Bankers’ Plumber

With all the talk about Blockchain aka DLT, I have heard several statements on how new processes will not and should not replace current RTGS systems because the ones we have function pretty well and we don’t need to change them.  Au contraire, I would say. We very much need some change, though not for […]

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24 Mar3 ways Central Bank Digital Money will help banks. Stuff worth knowing from The Bankers’ Plumber

“Help for banks”. That hardly sounds like a noble cause worthy of anybody’s support. But bear with me for this two minute read and I’ll explain. If I have any of this wrong, please let me know your views. In any case, please share widely. For the plumbers of the banking world this is important […]

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18 FebCan we make Central Bank Digital Money and DLT really work?  Stuff worth knowing from The Bankers’ Plumber

DLT offers the promise of faster, better & cheaper. There is real promise and even enough to have the ECB president, Mario Draghi, agree on the potential and acknowledge the ECB is looking at it. Now nothing is going to happen by magic and certainly not by central bank diktat, so how might all this […]

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29 JanHow to make Central Bank Digital Money?  Stuff worth knowing from The Bankers’ Plumber

This post is a continuation of the thoughts from the last two posts. My own conclusion to date was that powering the possibilities of digital assets and benefiting from things DLT needs CBDM. I am indebted to the very thoughtful Kevin Rutter of R3 and to Rhom Ram at the USC Project for engaging in […]

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18 JanDo we need Central Bank Digital Money?  Stuff worth knowing from The Bankers’ Plumber

“Kerrassh”. In Jan 2018, Bitcoin (BTC) took a nose dive. In two days, the price collapsed some 25%. If you thought BTC is a means of payment, then I hope you also understood what market risk is and learned to manage it. This week’s post is inspired by various discoveries in a current project where […]

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07 JanWho needs Central Bank Digital Money?  Stuff worth knowing from The Bankers’ Plumber

This first post of 2018 focuses on a very current topic: CBDM or Central Bank Digital Money. This would be the “the digital pound in your digital wallet” that has the same properties as the “the pound in your pocket”. Exactly the same; universal acceptance, store of value. In the last post of 2017, I […]

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11 DecICOs, Cryptos & CCOs. The differences.  Stuff worth knowing from The Bankers’ Plumber

Two out of three ain’t bad. You have probably heard of the expression crypto currency; Bitcoin is the poster child, and Ether its sibling. ICOs are likely just as familiar; Initial Coin Offerings, which are a a variation on IPOs. What about CCOs? Never heard of them? The extra C is for Collateral; collateralised coin […]

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09 Nov3 thoughts on Payments, Amazon and Swiss start-up Sonect? Stuff worth knowing from The Bankers’ Plumber

“Disruption” is one of several trendy terms around the finance business. AI is going to disrupt this, FinTech is going to disrupt that and Blockchain or DLT is going to disrupt it all. The term also tends to be used in reference to an outsider coming in to upset the status quo and the incumbents. […]

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23 OctAre jobs in banking disappearing for ever? Stuff worth knowing from The Bankers’ Plumber

The robots are coming; banking jobs will be wiped out! That would be the simple conclusion from recent headlines. See: ex Citi CEO Pandit, Cryan at DB, Ermotti at UBS. This week’s post is a more nuanced analysis of what is going on. It is inspired by two things: firstly, a wonderful presentation by Michael […]

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