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UK banks: over £1 trillion of maturing debt

Earlier this week Adrian Coles, Director-General of the Building Societies Association, gave a fascinating presentation to the Financial Services Club Scotland on the state of the UK's Building Societies sector.   The presentation didn't actually say too much about Building Societies but was more of a reflection of where we are with the mortgage and…

UK Gross Lending

What’s on a Treasurer’s mind?

No it's not the obvious answer, but it does make a good focal point for our next meeting of the Financial Services Club in London. On 22nd April, we have a great debate about: "What's on a Treasurer's Mind?" with four significant practitioners in this space: Marcus Treacher, Head of e-Commerce, Global Transaction Banking, HSBC;…

A new PSD-approved Payments Institution starts business

Nick Ogden, CEO and founder of Voice Commerce (he previously created WorldPay, the RBS payments unit, back in 1993 and sold it to them in 2002*), recently spoke at the FSClub about using voice biometrics as part of authentication in mobile financial transactions. Who are Voice Commerce Group?  Best to read what they say about…

A new season of events, April through July 2010

We are delighted to announce our forward season of the London events for the Financial Services Club’s meetings for the second quarter of 2010. For more details or to register for any of these meetings, go to: http://www.fsclub.co.uk/public-club-events.cfm 20th April “This house believes that new regulations, such as Solvency II and the new Liquidity Risk…

Chinese Bank buys majority stake in Citi

OK, I made that up.  Mind you, I made it up in 2006 when I presented at the BAI Retail Delivery Show.  My logic was based upon the inevitable march of Asia's tigers, and the fact that ICBC had just listed and suddenly became one of the top 10 banks in the world. October 26th…

We think Basel’s liquidity standards are rubbish

We have an FSClub Meeting on 16th March 2010 in London with the theme: This house believes that the Basel Committee on Banking Supervision's new liquidity risk monitoring standards are built on sand … a debate on the BCBS liquidity risk monitoring consultation due 16 April 2010. Just before Christmas, the BCBS opened a consultation…

What comes next in Mobile Banking?

Our next meeting of the Financial Services Club (England) will focus upon a debate around the question: "What comes next in Mobile Banking?" For the past year, the hottest space in banking has been around mobile thanks to iPhone apps, M-PESA and other developments in mobile payments and banking.  The Club has debated this area often,…

A Single Customer View? Codswallop!

The UK Government recently ordered changes to the Financial Services Compensation Scheme (FSCS), as announced in the Banking Bill of 2009. The Bill resulted in a new regulation from the Financial Services Authority (FSA), Policy Statement 09/11 (Download FSA PS09/11). PS09/11 rules that, from 31 December 2010, all financial firms must provide a Single Customer…

CMC

This house believes that SEPA does matter … or does it?

We had a great debate at the FSClub the other day, with the provocative title: “this house believes that SEPA (the Single Euro Payments Area) does matter”. The evening was chaired by the more than capable Bob Lyddon, who coordinates the IBOS Association secretariat, and four panel members who ‘played’ parts in being proposes and…

SEPA debate

Banking meets the BBC, an evening with Hugh Pym

After two years of non-stop bank bashing in the media, how do the journalists and press really see the banking system today? How do they report this news and is it really objective and neutral, or inflammatory and overdone? Find out with an evening with Hugh Pym, Chief Economics Correspondent with the BBC. Hugh Pym…

Hugh_pym247x165

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