980 Results from /wholesale
Retired Member
Bleeding heart that I am it definitely warms my soul to see the number of banks and financial institutions that are turning green. Some, like Citigroup and now Deutsche Bank are leading the charge. But since no one has ever said that business is compassionate or even particularly altruistic, the little realist sitting on my shoulder recognizes t...
12 February 2009 /wholesale Transaction Banking
Paul Penrose Head of Research at Finextra
Looks like New York's tenacious attorney general Andrew Cuomo has blown a gaping hole in the latest line of defence used by desperate bank chiefs to shore up bonus pools: ie that the bonus culture also rewards the blameless army of humble branch and back office staff who work hard day-in, day-out to keep the backing industry ticking over. The argu...
12 February 2009 /retail /wholesale
Gert Raeves Research Director at Adox Research Limited
The latest twists in the Paul Moore story (fascinating memo in full on FT site) are extraordinary - and reinforces that risk management is central to one of the Great Credit Crunch Conundrums. What were all the risk managers doing while all around them the Romans were piling up the firewood? The recent KPMG survey highlights that they spent most o...
12 February 2009 /regulation /wholesale Data Management 101
Gary Wright Analyst at BISS Research
At Finexpo last week where I was moderating a panel session, the panel of experts representing Euroclear, LCH.Clearnet, SIS x-clear, LSE and the ECB were asked a question concerning the importance of cost reduction or risk reduction? This question is obviously vitally important to the many financial institutions having to recover from the breakdow...
11 February 2009 /wholesale MiFID
Goldman chief Lloyd Blankfein won a lot of column inches for an article in the FT this week when he called on the industry to raise the status of the risk manager from obstructive killjoy to guiding light. "Risk and control functions need to be completely independent from the business units. And clarity as to whom risk and control managers re...
11 February 2009 /regulation /wholesale
Is short selling really bad for your investments' health? There’s been plenty of debate about the rights and wrongs of short selling, but while regulators ponder intervening in the CDS market, they seem quite happy for the shorters to continue their trade. My position is simple. The bond and equity primary market is a long market, and is supported ...
09 February 2009 /wholesale
Elton Cane Digital product delivery at News Corp Australia
It's quite common for hardware manufacturers to expand into also offering software that manages and/or runs on their servers or other devices. But it's far less common to find a large pure-play software company getting into the hardware business. But it's perhaps not surprising that Tibco is moving in this direction, given that demand for low-late...
06 February 2009 /wholesale Going green
In tough economic times, it's easy to and sometimes extremely necessary to rethink projects and initiatives that will not have an immediate impact on the bottom line. But there are some projects that even in the darkest days should not be put on the back burner. IT integration is definitely one such project. Let's face the facts that there is ver...
04 February 2009 /regulation /wholesale Financial Supply Chain
Whatever were they thinking of? Wells Fargo, a recipient of $25 billion of taxpayer bail-out money, has been forced to cancel a lavish all-expenses paid trip to Las Vegas for up to 40 employees after facing a torrent of criticism from the public and politicians. Wells' rethink followed an Associated Press report that the company had booked 12 night...
04 February 2009 /retail /wholesale
Yesterday's announcement from Thomson Reuters about their partnerships with Cisco's Jabber XCP, IBM Lotus' Sametime and Microsoft's LCS/OCS can only be termed exciting. The hub connection solution is going to provide financial services with a viable approach to the disparate data problems afflicting the industry for decades. The hub enables cross ...
03 February 2009 /wholesale SEPA and European Payments
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