Posted on April 10th, 2008 by Heather McKenzie
It’s easy in the technology game to get carried away – anything new is hailed as “the next big thing”. But is anyone really innovating out there and does innovation matter?
In London on Monday night, at the Financial Services Club meeting, I listened to four corporates – two big, one medium and another small (their […]
Filed under: Corporate Banking | 2 Comments »
Posted on April 10th, 2008 by Tom Groenfeldt
The Financial Services Club meeting 7 April brought in corporate money managers to ask them what they wanted from banks.
A little intelligent attention, it seems. “When we started, we were treated like lepers,” said one participant. ( the discussions are not for attribution) His firm figures the threshold for getting respect was when it reached £50 […]
Filed under: Corporate Banking, Technology | No Comments »
Posted on April 8th, 2008 by Tom Groenfeldt
In the continuing drive to stay ahead of the markets and technology, it’s hard to remember what the front office of financial services looked like 20 years ago, never mind the back office infrastructure.
In Plumbers and Visionaries, Peter Norman writes the history of securities settlement and Europe’s financial markets, a project sponsored by Euroclear. […]
Filed under: Corporate Banking, Exchanges, Technology | No Comments »
Posted on April 7th, 2008 by Tom Groenfeldt
In the US, the futures exchanges in Chicago and New York have their own regulator…the Commodity Futures Trading Commission. And despite the fact they have moved into financial instruments in a big way that dwarfs pork bellies, they are beyond the purview of the SEC. In Congress, they fall under agriculture committees, and you can […]
Filed under: Exchanges, Technology | No Comments »
Posted on April 6th, 2008 by Tom Groenfeldt
US Treasury Secretary Hank Paulson’s proposals are catching a lot of flak from NY Times columnist and Princeton economist Paul Krugman
Although he works in Princeton, nearly 200 miles from Washington, Krugman routinely beats the pants off the Washington press corps by reading legislation and budgets, paying attention when the Bush administration gives five different […]
Filed under: Credit Crunch, Securities & Capital Markets, risk | No Comments »