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Elton Cane

Elton Cane Digital product delivery at News Corp Australia

Investment bank bonus structures are an operational risk

This is one of the interesting topics that came up for debate at a risk event I attended yesterday organised by the CASS Business School in London and the Capco Institute. The recent sub-prime and liquidity crisis has prompted many commentators to look at the role of investment banking remuneration and management structures in building what Fortune...

/wholesale Trends in Financial Services

Retired Member

Retired Member 

Traders take up 'performance enhancing' dietary supplement

Vizuo XL Sports Vision Enhancement is a dietary supplement that claims to improve the agility, coordination and reaction speed of athletes which is now being used by Wall Street traders to help execute trading decisions more quickly, according to the makers of the product, Natural Athletic Nutrition. In a company statement, Will Horan, president ...

/wholesale

Retired Member

Retired Member 

Soros and market visibility - by the noneconomist

George Soros has 'come out of retirement' albeit to launch his new book Credit Crisis 2008 and what it means. I haven't had time to read it yet so I'll go by his spoken words. Recent statements by Mr Soros on market transparency and market dynamics give food for thought. Perhaps if he could have given a little earlier warning of what was to come ...

/regulation /wholesale Whatever...

Paul Penrose

Paul Penrose Head of Research at Finextra

Green is good

Organisations that are tempted to cut back on green PC initiatives as part of wider IT cost-cutting efforts may find themselves out of pocket in the near- to mid-term, according to Gartner. For most companies, being green actually saves money and alleviates some of the pressure on IT budgets, says the analyst house. Here at Finextra, we'll be exp...

/retail /wholesale Going green

Paul Penrose

Paul Penrose Head of Research at Finextra

A letter to the editor

Who would want to be a bank boss? Andrew Clare from the Cass Business School, clearly thinks it worth a punt. From the letters page of the FT: Sir I know that this is not normally the forum to advertise one's qualifications in the hope of finding a new career, but hopefully you will excuse the liberty. I have no experience whatsoever in running a b...

/regulation /wholesale Whatever...

Retired Member

Retired Member 

When you're up to your neck in liquidity...

I note with continuing interest the news that the central banks are continuing to pump money into the markets to "ease liquidity" with a stunning lack of effect. It occurs to me that they seem to be missing the point. The issue is not a lack of funds, its a lack of trust. In essence, we're actually all swimming in a vast pool of liquidi...

/wholesale SWIFT Matters

Paul Penrose

Paul Penrose Head of Research at Finextra

Bank execs pay ultimate price for wrong bet

Two bank workers who stole 45 million yuan (HK$49.93 million) to buy lottery tickets have been executed in Hebei province, according to an AFP report quoting the Xinhau News Agency. The two vault managers started taking money from the safe to play the state lottery, hoping they would eventually win back enough to replace the missing funds. Makes y...

/regulation /wholesale Whatever...

Paul Penrose

Paul Penrose Head of Research at Finextra

Credit risk transfer: Where did it all go so wrong?

"A few fundamental tenets of sound financial judgment appear to have been violated." That's the typically understated view of the Bank for International Settlements, in its first official review of the havoc wreaked on the financial markets by wanton abuse of credit risk transfer instruments. The central bankers bank first reviewed the CR...

/regulation /wholesale Finexpo

Paul Penrose

Paul Penrose Head of Research at Finextra

Top 100 April Fool's day hoaxes

Dog racing on ice? (The Daily Mirror). Nicolas Sarkozy to be stretched? (the Sun - natch). UBS share price soars on news of massive write-downs? (All financial press - the madness of markets). On April Fool’s day it can sometimes be difficult to distinguish fact from fiction. Nor can you trust newspaper advertising - witness BMW's campaign today pr...

/retail /wholesale Whatever...

Paul Penrose

Paul Penrose Head of Research at Finextra

Price war looms for European exchanges

European exchanges had best get ready for another round of fierce price cutting following the announcement by the US-based Bats ECN that it is to set up an operation in London. The Bats ECN launched in the US two years ago and now claims an 8-10% market share in US equities. Much of its success stemmed from an agressive pricing plan introduced in ...

/wholesale Finextra50 fintech index

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