April 17, 2016
This week’s post takes a look at how the network and applications layers of a three tiered Blockchain ecosystem might interact. For more on the three tier view of life, see the last post. In all the experimenting that is being done, there is a risk of RTW, re-inventing the wheel and FTLFH, failing to […]
April 5, 2016
Fundamentals. How often we use that term in our industry. My thoughts for this post were headed in the direction of how trading, settlement and payment would need to be structured in a Blockchain world. Those ideas were derailed as I realised how important three recent communications on matters Blockchain were. There is a lot […]
March 30, 2016
Unintended consequences and the potential for a MAD outcome; Mutually Assured Destruction. Whilst this week’s post is not about the arms race, it is about how banks are arming themselves. From previous posts, readers will be aware that banks are now having to be proactive around Intra-day Liquidity and the national regulations coming as a […]
March 22, 2016
“It’s all ‘bout the Ba(lance)S(he)e(t), ’bout the Ba(lance)S(he)e(t)”. The Balance Sheet. A great friend and old colleague, Nick Nicholls, helped make this very clear in his appeal to focus on the Balance Sheet in his most recent post. With all the changes in regulations and regulatory focus, I would add an extra dimension to this; […]
March 13, 2016
Home and away. Internal and external. With the European club football competitions reaching their final stages, a simple analogy may help to explain what a strategy for addressing the liquidity management challenge might look like. In the Champions League and Europa Cup, teams play twice, once at home and once away. Mastering liquidity has some […]
March 7, 2016
This week’s post is about intraday liquidity and its costs. At somewhere between 100 and 150 bps, $1 billion in liquidity equates to costs of $10 million. At that price, this is a topic worth mastering. This is about right here, right now, so the only Blockchain angle is in possible solutions. The next post […]