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Gary Wright

Gary Wright Analyst at BISS Research

Wealth Management - Turkeys Vote for Christmas

At this week’s annual CISI Integrity debate the question about the honesty and integrity of Wealth Managers was debated with a packed audience of Wealth Management professionals. Now I use the word professionals, as one of the points raised during the presentations for and against the motion was the integrity of individual’s verses the industry an...

Gary Wright

Gary Wright Analyst at BISS Research

The future of systems in financial services

As we all know software firms have sprung up like dandelions in summer. Every week, virtually, we are seeing new systems or enhanced systems, with a regular introduction of new firms, all offering a system or functionality that they hope will be unique and a big seller. Unfortunately the success gateway is very narrow and the vast majority of soft...

Gary Wright

Gary Wright Analyst at BISS Research

Social media and trust in financial markets

All markets have to have a basis of trust between parties if they are to be successful and as we have seen in recent times the loss of trust is a terminal risk to business. Trust today however should be enhanced when you consider the value that social media brings us all. Each year we hear that new levels of global connectivity have been reached w...

Gary Wright

Gary Wright Analyst at BISS Research

Technology changing the markets

"Technological progress is like an axe in the hands of a pathological criminal" Albert Einstein In previous articles I have outlined the progression technology in the City that began to almost revolutionise the securities market in London. By the early to mid-seventies the amount of business transacted on the Stock Exchange was miniscul...

Gary Wright

Gary Wright Analyst at BISS Research

Technology begins to change

"Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning" Albert Einstein Back in the day, the UK Stock Market was made up of a series of regional Stock Exchanges. Many in ports like Liverpool, Bristol, and Newcastle with others in historical heartland of industry, Manchester, Birmingham. I...

Gary Wright

Gary Wright Analyst at BISS Research

Bell Tolls for Corporate Data via Twitter

The recent judgment in the USA that social media are acceptable channels to communicate corporate data to shareholders is a major breakthrough one that I hope the financial services industry embraces on mass. There is no denying that corporate data today is expensive in every single sense. The Corporate entity pays through the nose to create and ...

Gary Wright

Gary Wright Analyst at BISS Research

A better use of RBS

"It was the best of times it was the worst of times" A Tale of Two Cities One of the ideas debated with the audience at the recent book launch of ‘Between two crashes' by Mark Field, MP, was the inability of the banks to supply much needed loans to SMEs. The business bank which was so trumpeted by Vince Cable and to a slightly lesser e...

Gary Wright

Gary Wright Analyst at BISS Research

Is LEI getting bogged down?

Legal Entity Identifiers (LEI) is one of the very best global industry standard projects undertaken since ISO15022. It has widespread benefits way beyond the initial focus and could bring forth a new age of efficiencies in financial services previously only really a dream. However, the dream could very easily develop into a nightmare if the Finan...

Gary Wright

Gary Wright Analyst at BISS Research

Technology A Charmed Experience

The best way to find out if you can trust somebody is to trust them." Ernest Hemingway If there has been one constant during my career in the City it has been the pivotal role of technology. Or to be more specific the development of technology. Those people that know me best will know that when it comes to the practical I am very much a fis...

Gary Wright

Gary Wright Analyst at BISS Research

City Messengers

"Let's go, where? I don't care." "What will we do? Anything." City of Angels Now I might be wrong, but I bet there has never been anything written about City Messengers? Going back forty years, it was as a messenger that I first cut my teeth in my new career as a high flyer. In the days leading up to starting my first job my fam...

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