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The SIBOS 2011 Issues Preview Edition had an interesting article around Tim Keaney's (vice chairman and CEO at BNY Mellon) views on growth opportunities for banks. 4th on his list (of 4) is FX volatility. It’s not so much the presence of FX that interested me but rather it’s qualification with ‘volatility’. Now that’s the astute bit and where banks should be pushing for growth with corporates.
For corporates, rate changes in minor / exotic currencies have always been of conc
September 27, 2011
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Basel II & III set out the best practice for banks in managing their liquidity. Industry regulators have embarked on the task of defining the measures and controls within their respective jurisdictions that must be adopted by banks. The Basel pillars put in place reserve silos as counter measures to the trading risks of banks, yet it seems that a silo approach to risk management may not succeed and could be unnecessarily costly when credit, settlement and liquidity are a closely linked c
September 14, 2011
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So it really does look like that wonderful financial instrument the cheque will be with us for some time. Good news and good sense.
The Payments Council continues to cite the decline in cheque volumes as requiring a re-think on their actual existence (seeking abolition). But those canny newly 'NOTW trained' MPs have picked up on the fact that there may just be a small conflict of interest within the Council's proposals.
The Council's composition is bank led and, since banks want
August 25, 2011
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Having not long come back from visiting one of the Greek Islands I declare my hand as a fan of Greece, or at least its Islands. It pains me to see the problems its going through but you can’t help but wonder at the ‘spare the rod, spare the child’ attitude of the EU. In their haste to broaden the club, they rushed through the Greek application without so much as one serious economic hurdle. Where are the heads of state and their senior economic advisers who oversaw this debacle, whe
August 22, 2011
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As we stand today, there is no single Legal Entity Identifier (LEI) that can be used around the world to identify an individual or business. Here are some of the issues presented by its absence:
• A UK company registered at Companies House has a unique company number but a company registered in another country could easily have the same number; and
• UK citizen holds a unique National Insurance number but a citizen in another country could easily have the same number.
Therefore, when tr
August 2, 2011
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The world has continued to change since SIBOS 2010, held in Amsterdam. We now move to SIBOS 2011 in Toronto where I believe addressing regulation and post-crisis risk control, and being seen to do so, will be hot for SIBOS. These are real and present pressures on banks that I see continuing for some time to come.
I believe banks that find a way to innovate their way to growth, whilst being seen to be under control, should come to the fore. Alongside this, I believe that customer service
July 20, 2011
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Overview
by John Walton, Managing Director, Gresham Computing Inc, Canada
We are bullish on smartphone banking globally. Two broad uses are internet banking apps and mobile payments. These services are still immature, however they are consolidating around the telecom providers (M-PESA), for example, provided by Safaricom in Kenya as well as the established financial oligopolies like those found in the G7 countries. There is a battle taking place between these and other providers; the telecoms
July 11, 2011
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Solution to data management
No not the title of a chapter in a John Le Carre book, nor an invitation to spice up my pc. But in a recent survey looking at impediments to accurate counterparty risk measurement (and management) the top answer was, dirty data. If you extend counterparty risk measurement to include cash and liquidity exposure I'd say you're beginning to see the tip of an iceberg. My company receives account information in SWIFT or proprietary format; we transform, cleanse, aggrega
July 6, 2011
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