4231 Results from /regulation
Retired Member
Incredible. As I indicated in a previous blog, I sent a letter to my bank seeking clarification about my credit standing with them after they had sent me a loan offer priced at the astronomical rate of 19.9%. I asked very clearly for a response that expressly addressed what had changed in my specific circumstances. You won't be surprised to hear ...
19 January 2009 /regulation /retail Online Banking
John Cant Managing Director at MPI Europe Ltd
If Murphy’s Law didn’t already exist, they would have had to invent it to help explain what has happened to the financial sector over the past six months or so. Over the years there have been many proverbs or sayings predicting the inevitability of disasters. However, it fell to one Edward Aloysius Murphy Jr. around 1949, whilst working on a serie...
19 January 2009 /regulation /wholesale Banking Architecture
I noticed an article in the Press today suggesting that the authorities were now considering creating a ‘bad bank’ (we already have more than one, but I know what they mean), into which could be placed up to £260 billion in toxic debts from the banks. The expectation is that this would free the banks to lend more by replacing those debts with cas...
14 January 2009 /regulation /retail Transaction Banking
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The World Economic Forum has released its annual take on Risks our world carries in the new year. The Global Risks Report 2009 is a compulsive read in these turbulent times and not just for Risk professionals. You can download the report from: http://www.weforum.org/en/initiatives/globalrisk/index.htm The report suggests that the world may face ris...
14 January 2009 /regulation
Of course, few people are happy with bankers at the moment, but they're not doing much to help themselves. In fact, the most recent communication from my bank (I won't say which one, but it begins with a letter near the start of the alphabet) has incensed me no end. They've sent me a mailshot offering a loan. Not in itself a thing to get underpa...
12 January 2009 /regulation Transaction Banking
At the beginning of a New Year one must always contemplate the difficulty of coming back to work after enjoying a couple of festive weeks off. So there I was last Monday embroiled in a taxing struggle to save myself from an hour or two of naval gazing and thumb twiddling and found myself listening to the Bernard Madoff hearing in Washington. No, ...
12 January 2009 /regulation
If this is the future of regulation, then God help us. I can't think of a bigger waste of money (at least, not at the moment, but I'm sure something will turn up) than spending £1 billion plus (let's not kid ourselves, this would cost a whole lot more) on getting all banks to devise and build (and maintain) a system that provided a single customer...
09 January 2009 /regulation Transaction Banking
Just reflecting on whether the current situation facing the institutions today has added weight to this prediction back in 2006. As the business case for Unified Communications solidifies and the pressure from the downturn intensifies, the appetite to deliver these benefits to those in the dealing room is in fact increasing in some sub-sectors. S...
08 January 2009 /regulation Unified Communications in Financial Services
Roy McPherson
Roy McPherson - London 07 January 2009 - 11:01 Is it only me or do the statistics of this survey shock you too? This article states that 85% of respondents say they have reviewed, or are in the process of reviewing, their risk procedures. Yet only 42% of respondents have a plan to make fundamental changes to their risk processes. Does this mean th...
07 January 2009 /regulation
Iosif Itkin CEO at Exactpro
To be honest, I remain skeptical about the necessity to invest heavily into Risk Management technology. It seems to me that the issue is not in software or hardware but in general assumptions and practices. Let’s take pricing and valuation - server farms with thousands of servers running Monte-Carlo and stress tests for structured products did not...
06 January 2009 /regulation MiFID
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