Mark-to-Market headed for obsolescence?

Posted on March 6th, 2008 by Tom Groenfeldt

Hard to pick up a financial paper today without seeing some criticism of mark to market. Writing in the FT, Christopher Whalen observes that “A large portion of the crisis of confidence now affecting global markets comes from non-cash losses reported as a result of the adoption of “fair value” accounting rules in the US. […]

Filed under: risk | 1 Comment »

Sub Prime Mortgages: the cartoon

Posted on March 4th, 2008 by David Bannister

This PowerPoint cartoon has been doing the rounds for a few weeks in the US. It was drawn to my attention by a rather senior Brit banker, who describes it as “frighteningly accurate”.
The Sub-Prime Primer Cartoon
Be warned: there is some robust language - as you might expect from bankers caught with their parts in a […]

Filed under: Credit Crunch | No Comments »

Remote Deposit Spreading Fast to Small Business – Aite

Posted on March 3rd, 2008 by Tom Groenfeldt

“Corporate remote deposit has been a hot topic in the banking industry for the last few years. Not since the introduction of the ATM has there been so much excitement around a product and such fast adoption of it. Almost three-quarters of the 30 largest U.S. banks offer remote deposit to their small-business customers, while […]

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Technology Changing the Very Nature of Money — Gartner

Posted on March 2nd, 2008 by Tom Groenfeldt

Key findings in a recent report by David Furlonger, managing vice president for Gartner’s Financial Services research team:

The consumerisation of IT is transferring control of payment mechanisms away from banks.
The invention of electronic forms of money is transferring control of money as a store of value and unit of account from banks to individual entities.

It […]

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