980 Results from /wholesale
Paul Penrose Head of Research at Finextra
Goldman Sachs hasn't had the best of press lately. A recent Rolling Stone article went as far as to describe the firm as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money". Others have noted that the firm's tentacles spread into every area of government...
10 July 2009 /wholesale Whatever...
Olivier Berthier CEO at Moneythor
The typical coffee machine chat with players and observers of the corporate banking world lately always seems to come back to the massive change over the past year and a half in how banks have brought their cash management, trade finance and indeed their payments businesses closer together. There are significant similarities and synergies between...
09 July 2009 /wholesale Financial Supply Chain
Retired Member
I can’t agree more with Hilary Ward from Citi. In her recent article on GTNews, Hilary talks about the benefits of automating the process around on-boarding and bank account management, between corporates to banks. “While the process has not fundamentally changed in 100 years, the technology and the demand from clients to move from paper to elect...
08 July 2009 /sibos /wholesale Electronic Bank Account Management
Great event organised by PRMIA and IAFE last night at Goldman's London offices with a long title: "A Little Thought Goes A Long Way and Lessons for Risk Management from the Current Crisis". The event was moderated by Giovanni Bellossi of FGS Capital, and featured speaking slots by Paul Wilmott and David Rowe of Sungard. Here are my n...
03 July 2009 /regulation /wholesale Data Management 101
Whoa! Run that by me again. The London Stock Exchange is seriously contemplating scrapping its £40 million TradElect system. The TradElect switch was flipped amid great fanfare barely two years ago, following a four-year development programme. The system, custom-built by Accenture and Microsoft, runs on HP ProLiant Servers and Microsoft .Net and SQ...
02 July 2009 /wholesale
George Soros has waded back into the current saga concerning OTC derivatives in his article last week in the FT. The main part of the article focusses on financial markets reform, but ends with a vehement attack on derivatives, building upon some of his earlier ideas (see post) and seemingly going much further: "Finally, I have strong views ...
02 July 2009 /regulation /wholesale Data Management 101
Given the ongoing debate about "too big to fail" and whether we should head back to the days of the Glass-Steagal Act, then here is a slightly different slant on the problem of systematic risk put forward in an article by Avinash D. Persaud. In the article, Avinash makes the very good point that increasing capital requirements across th...
30 June 2009 /regulation /wholesale Data Management 101
If you are of a certain age, then you remember the original Star Trek series (let's all forget about that new one that opened last month). Captain Kirk, Mr. Spock, Dr. McCoy and the rest of the intergalactic crew dazzled us with their fancy flying machine i.e. the USS Enterprise, phasers, communicators and of course the transporter; "Beam me...
22 June 2009 /wholesale Innovation in Financial Services
Nothing could illustrate the depression in the M&A markets more than the news that Christiano Ronaldo's £80 million transfer to Real Madrid ranked as the seventh largest deal in the whole of Europe last week. The preening footie star's move from Manchester United puts him in 31st position in the UK year-to-date M&A league tables compiled b...
16 June 2009 /wholesale Whatever...
John Cant Managing Director at MPI Europe Ltd
Taking my daily dose of FT online, I was struck by the article entitled Count us in, maths experts tell regulator which, in summary, seems to boil down to the agreement by both Lord Turner and financial mathematicians (aka "quants") that maths is a very powerful tool if used properly by people who understand the business they are modell...
10 June 2009 /regulation /wholesale Banking Architecture
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