Posted on June 2nd, 2008 by Fabien Buliard
After lamenting the lowest common denominator approach taken by Sepa and the loss of functionality of its credit transfer and direct debit instruments compared to existing domestic instruments, corporates are taking the matters in their own hands.
Keen to avoid a “mini Sepa”, the French Association of Corporate Treasurers (AFTE) announced in its latest newsletter it […]
Filed under: Corporate Banking, Payments, regulation | No Comments »
Posted on June 2nd, 2008 by Fabien Buliard
You’d think it would be easy and affordable to “electronify” business documents. After all, isn’t it much easier, not to mention faster, to email an invoice rather than send a hard copy in the post? Sounds simple enough, except that, in its infinite wisdom, European law demands that electronic invoices be digitally signed, with a […]
Filed under: Retail Banking, Technology, regulation | No Comments »
Posted on May 16th, 2008 by Tom Groenfeldt
The Fed is reluctantly thinking that it might consider taking action against asset bubbles in future. Chariman Ben Bernanke still says it is hard to determine a bubble.
Really? When tech stocks were trading at 50-100X earnings? When people in booming states like California were buying houses at 5-6X their income? When mortgage brokers were offering […]
Filed under: Credit Crunch, regulation, risk | No Comments »
Posted on May 16th, 2008 by Tom Groenfeldt
Last month at The Forum in London, the MiFID conference sponsored by JWG-IT, David Wright, deputy director general, EU Commission, told bankers they should take the current financial crisis seriously. “The firms that created this mess have to step up to the plate. This is not the time for firms to seek de minimus solutions or […]
Filed under: Credit Crunch, Technology, regulation | No Comments »
Posted on April 25th, 2008 by Fabien Buliard
As the equity trading industry gathered at TradeTech in Paris this week to discuss the latest developments in terms of liquidity pools, new trading venues, smart order routing or low latency, it is interesting to note comments made about financial markets by European political and business leaders in recent weeks.
The departing chairman of insurance giant […]
Filed under: Credit Crunch, Securities & Capital Markets, regulation | No Comments »
Posted on April 21st, 2008 by Fabien Buliard
Heather McKenzie’s blog entry on April 10 underlines the need of corporates for adequate banking relationships. It reminded me of a column published at the end of 2007 by the French association of corporate treasurers, AFTE, which poked fun at the apparent chaos the arrival of MiFID had caused in their banks’ customer relationship departments.
Indeed, French corporates […]
Filed under: Corporate Banking, MiFID, Technology, regulation | No Comments »
Posted on April 17th, 2008 by Tom Groenfeldt
Which parts of the FSA’s guidance is a firm expected to follow?
That’s what one attorney asked Roseanne Harford, Manager, Strategy and Risk Division – at the FSA during Tuesday’s MiFID Forum in London.
The FSA relies on informal guidance which creates the risk of a soup of materials that firms find difficult to navigate, he said. Is […]
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Posted on April 17th, 2008 by Tom Groenfeldt
Wholesale markets in Europe have done well under a gentle regulatory regime, David Wright, deputy director general, EU Commission told The Forum, a MiFID event Tuesday. European markets grew twice as fast as GDP and faster than markets in the US.
“It is a pretty staggering change from where we were 10 years ago.”
But he warned […]
Filed under: Securities & Capital Markets, Technology, regulation | No Comments »
