January 22, 2014
With new rules coming into effect on Jan 1 2015, this is the second in a series of posts on how banks and FI’s might adapt. Humble Those that can measure may well find that they are surprised by the results. The sheer volume of credit taken will see the regulators require that they increase […]
January 4, 2014
Humble apologies, a virus crept into the email of the latest post. I hope this is spam free! With new rules coming into effect on Jan 1 2015, this is the first in a series of posts on how banks and FI’s might adapt. Those FI’s who do not clear directly and opt for indirect […]
December 15, 2013
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 […]
December 8, 2013
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 […]
November 25, 2013
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 […]
November 7, 2013
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 […]
October 28, 2013
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 […]
October 16, 2013
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; […]
October 8, 2013
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 […]
September 30, 2013
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 […]