Paul Kedrosky, one of my favourite bloggers, picked out a quote from Andy Rappaport of August Capital about social investing — the idea that you can do good via investing in ethical funds. Andy says: "A lot of socially responsible funds have this idea that they’ll provide a social return, but you’ll have to…
There’s a fascinating roundtable discussion in Prospect Magazine this month. The discussion features: Jonathan Ford, Deputy Editor of Prospect and Chair of the discussion; Anatole Kaletsky, Economic Commentator and Associate Editor of the Times; George Soros, Chairman of Soros Fund Management; Mark Hannam, an independent who has previously worked for the Bank of England, Citibank…
A question came up in today’s EBA sessions for Joe Pawelczyk, Vice President for International Relations at CHIPS, the American Clearing House for over $2 trillion of wire payments each day. The question seemed quite simple: “Why doesn’t America use IBANs for their bank account numbers, as all of Europe has now standardised on this?”…
A question came up in today’s EBA sessions for Joe Pawelczyk, Vice President for International Relations at CHIPS, the American Clearing House for over $2 trillion of wire payments each day. The question seemed quite simple: “Why doesn’t America use IBANs for their bank account numbers, as all of Europe has now standardised on this?”…
I don’t write about politics, because I am not a political creature. However, I felt compelled to write about this subject after Europe’s soul-searching over its identity since the Irish threw out the EU Treaty. The fact that the Constitution and the Treaty are unwanted does not de-stabilise our banking efforts under the Payment Services…
It is fascinating to watch the fight that is going on between the traditional exchanges – Deutsche Bourse, Euronext and London Stock Exchange (LSE) – and the new guys – Chi-x, BAT, virt-x, PLUSMarkets, Boat, Turquoise, NYFix Millennium, NASDAQ OMX, Equiduct … The fight is over liquidity, trading, order execution, pricing, clearing and settlement. In…
It is fascinating to watch the fight that is going on between the traditional exchanges – Deutsche Bourse, Euronext and London Stock Exchange (LSE) – and the new guys – Chi-x, BAT, virt-x, PLUSMarkets, Boat, Turquoise, NYFix Millennium, NASDAQ OMX, Equiduct … The fight is over liquidity, trading, order execution, pricing, clearing and settlement. In…
It is fascinating to watch the fight that is going on between the traditional exchanges – Deutsche Bourse, Euronext and London Stock Exchange (LSE) – and the new guys – Chi-x, BAT, virt-x, PLUSMarkets, Boat, Turquoise, NYFix Millennium, NASDAQ OMX, Equiduct … The fight is over liquidity, trading, order execution, pricing, clearing and settlement. In…
It is fascinating to watch the fight that is going on between the traditional exchanges – Deutsche Bourse, Euronext and London Stock Exchange (LSE) – and the new guys – Chi-x, BAT, virt-x, PLUSMarkets, Boat, Turquoise, NYFix Millennium, NASDAQ OMX, Equiduct … The fight is over liquidity, trading, order execution, pricing, clearing and settlement. In…
I found myself sceptically smiling when reading that the Financial Stability Forum is going to make the banking world safer by: Strengthening prudential oversight of capital, liquidity and risk management; Enhancing transparency and valuation; Changing the role and uses of credit ratings; Strengthening the authorities’ responsiveness to risks; and Ensuring there are robust arrangements for…
