“Liquidity risk…is the most significant of all business risks in that the inability to fund a position imminently can lead directly to insolvency,” said John Jay, senior research analyst, Aite Group and author of “Leveraging Technology to Shape the Future of Liquidity Risk Management,” a report sponsored by Sybase. The UK’s FSA has been the [...]
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Looks like JP Morgan expects the global economy will bounce back in the next couple of years. The bank has announced that under the leadership of Global Trade Executive Daniel Cotti, J.P. Morgan is expanding the bank’s award-winning Global Trade organization, hiring several new senior managers for key positions and adding nearly 100 trade and [...]
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In response to new regulations in the US restricting overdraft fees, banks have the choice of trying to preserve the fees or use mobile alerts to allow consumers to move funds and avoid overdraft fees, according to Javelin Strategy & Research report on Reg E. Almost twice as many overdraft violators – consumers who have [...]
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Ah, for the good old days when bankers made money by providing useful services – taking deposits and making loans, for example. Is it too much to expect bankers to make money honestly rather than through hidden fees and “gotcha” programs? Now the New York Times reports a massive effort in the industry to keep [...]
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Larry Ellison has said that with the acquisition of Sun he is ready to take on IBM in the enterprise. Others don’t think so. I’ve been steadily impressed with what IBM is doing in financial services. Everyone talks solutions, and has done for years, but IBM seems to offer the combination of hardware, software and [...]
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Some new research by David De Cremer, a professor at Rotterdam School of Management, Erasmus University and visiting professor to the London School of Economics, raises a few interesting questions about bonuses, the main one being – should anyone trust bonus-driven bankers? In his research involving 15 top Dutch banking executives, De Cremer, also of [...]
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The announcement that the London Stock Exchange is in talks to buy Turquoise signals the death of the Bourse. Tied to the Exchange’s departure from the Federation of European Exchanges, it suggests a seismic shift in strategy. FESE has been campaigning for a level playing field of regulation to be run across exchanges, multi-lateral trading [...]
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I am preparing a story for the Sibos issue of Banking Technology, and if there is a discernible trend it is that experts think Asia will come out of the financial crisis before Europe and North America. And along the way, Asian banks and multinationals have acquired some attitude. Two different sources talked about “flexing [...]
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Uh oh – FT columnist Gillian Tett is quoting a French sociologist … This sort of thing could get dangerous, but it looks intriguing. Drawing on her time in Japan, which prompted me to pull her book about the experience off the shelf, she reminds readers that westerners were constantly telling Japan they had too [...]
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I was surprised to see a chairman of the Federal Reserve Bank of New York was resigning, and then realised from the reports it was a non-exec. Institutional Risk Analyst put it in perspective: “And speaking of the fall of the elites, FRBNY Chairman Steve Friedman finally resigned yesterday, ending a scandalous period when the [...]
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