Anyone looking for something to talk about over a Friday lunchtime pint could do worse than look at the The Blame Game, the latest offering from the creative bods in The Times graphics department. It seems that Gordon Brown isn’t totally to blame for the credit crisis …
Filed under: Credit Crunch | No Comments »
SAS, the Cary, NC-based analytics company, has developed a sophisticated replacement for credit scoring which promises greater accuracy, process transparency, and a single number from 1 to 432 which will describe a borrower’s financial position. The score can be tied to a mortgage and remain with it through securitization, providing a quick, in-depth way to [...]
Filed under: Retail Banking, risk, Technology | No Comments »
“What keeps you awake at night?” In interviews with more than 1,000 C-level executives at firms around the globe – including 54 financial institutions – IBM researchers trotted out that standard question. Quite a number of deep issues, it turns out. “A very high number of financial services executives, 80%, is figuring out what their [...]
Filed under: regulation, risk, Securities & Capital Markets, Technology | No Comments »
NY Times Columnist Bob Herbert gave wide exposure to an idea that has not received much press – taxing transactions. He publicised the suggestion from economist Dean Baker, who argues it could raise $100 billion and put a slight damper on speculation. (Ok, I admit, I did write about transaction taxes here at the end [...]
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Must admit that Andy Kessler’s column in the Wall Street Journal on Citi caught me by surprise … I was really impressed with his book on hedge funds, Running Money – so why was I surprised by his insight into Citi in a recent Wall Street Journal piece, where he notes that Sandy Weill hit [...]
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What’s not to like about this — a winter seminar in lovely Sarasota, FL — on the Gulf of Mexico. And the speaker list makes it all look legit. Sponsored by BITS and the FInancial Services Technology Consortium, it will provide senior financial services executives with the opportunity to explore new technology and R&D to [...]
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Thanks to James Gardner at BankerVision for pointing the way to a fascinating new program — The Center for Future Banking. A five-year collaboration between MIT and Bank of America, it brings together bankers and academics to think about the future, conduct seminars, and most recently, run an intelligent and easy to read blog about [...]
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James Gardner, who is head of innovation and research at Lloyds TSB (See my Banking Tech story on him is back in action with his BankerVision blog. He is inviting participation in a book he has underway called “Innovation and the future-proof bank.” He describes some of the points he will go after in the [...]
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Michael Malone, one of the top tech writers in the US, argues in the Wall Street Journal that “Washington is Killing Silicon Valley.” He argues that excessive regulation threatens the entrepreneurial role of tech startups – especially Sarbanes Oxley and accounting rules that require stock options to be entered as an expense on balance sheets. [...]
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How to prevent the next financial crisis? More regulation say some. Regulating hedge funds is a popular suggestion, even though they haven’t been implicated in the major problems. In fact, some of the most regulated firms, like Citi, have been the source of some of the biggest losses. More laws, more regulation? Dick Thornburgh, the US [...]
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