June 13, 2016
I was thrilled to learn of the progress that Peter Randall and the team at SETL have made with a working Blockchain-based platform for securities settlement. I had the good fortune to see an early prototype; it impressed me then and has obviously moved on. Peter was one of the prime movers behind the success […]
May 30, 2016
$2B a year in cost. That is how much I think our industry is carrying in avoidable costs (cf. last week’s post). But who cares? Certainly the regulators don’t really care if the banks have extra costs, but they should be careful what they wish for, or avoid doing. Credit is the oil that makes […]
May 22, 2016
This week there is twice as much at stake as there was in last week’s post; $2B vs. just $1B. Every year. The focus for this post is on the external; why is it so expensive for our industry to support the daily process payments processes which make the wheels go round every day? What […]
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 […]