Teen angst in the corporate world

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 […]

Banks Treated Us Like Lepers

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 […]

The (Readable) History of Euroclear in Settlement

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. […]

Why the Futures Industry Will Hold Onto its CFTC Regulator

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 […]

Krugman – Paulson and His Dilbert Strategy

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 […]