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Risk: Business Enabler or Idea Crusher?
Another subject that regularly crops up in my blog is whether banks can be innovative when they are risk averse. My contention is that banks never lead, they only follow. As a result, they never innovate because they never create anything. Now I know some banks do generate new ideas, but it is fairly true…
LSE’s systems stretched to breaking point
Share trading on the LSE apparently went wacky today with the wrong prices appearing and showing data higher on the day when today’s session has been lower. Maybe it’s related to the new systems, MiFID, algo’s and hedge funds … or maybe it’s because banks were coming under pressure from the credit crunch once again,…
No-one trusts their bank and no bank trusts us
Building on yesterday’s theme around identity, banks have a major dilemma (as do all financial firms) and it’s all to do with trust. Banks trade on trust and yet how far can we trust them and how far can they trust us? Banks don’t trust customers because customers may be fraudsters and it’s hard to…
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