Archive for the ‘post-crunch reform’ Category
Wednesday, July 28th, 2010
Almost one hundred European banks underwent stress tests by the Committee of European Banking Supervisors (CEBS) recently with seven of them failing, including five Spanish banks – Diada, Espiga, Banca Civica, Unnim and Cajasur. Germany's Hypo Real Estate and Greece's ATEbank were the other two of the 91 institutions to fail ...
Posted in Regulation, post-crunch reform | No Comments »
Tuesday, July 13th, 2010
I attended a briefing this morning convened by the International Capital Market Association (ICMA) to unveil their grandly titled Whitepaper on the operation of the European repo market, the role of short selling, the problem of settlement failures and the need for reform of the market infrastructure. Governed by Godfried De Vidts, chair ...
Posted in Regulation, post-crunch reform | No Comments »
Wednesday, July 7th, 2010
Just attended a breakfast briefing at the British Bankers' Association (BBA) where they were unveiling their Annual Abstract of Banking Statistics for 2009. As the trade body's chief executive, Angela Knight, said in her welcome speech the report contains some "extraordinary numbers ...and shows how big the banking industry is", ...
Posted in Mortgages, Payments, mergers, post-crunch reform, retail banking, technology | No Comments »
Wednesday, March 24th, 2010
The Chancellor, Alastair Darling, has said in his 2010 Budget report that he intends to ensure that everyone in the UK who wants a bank account can get one. Speaking prior to the impending general election in May, making some of his announcements quite politically motivated and necessarily subject to ...
Posted in General, post-crunch reform | No Comments »
Thursday, March 11th, 2010
Northern Rock’s results are out. The bank lost £383m last year, compared with £1.36bn in 2008, so it seems it is slowly getting back on a more stable footing. At the start of the year, the Rock was split into two, with savers' money held by a so-called ‘good bank’, ...
Posted in bank results, post-crunch reform | No Comments »
Tuesday, March 2nd, 2010
As we enter the third month of the year and the novelty of a new decade, the teenies, begins to wear off I thought it might be nice to revisit some of the 2010 predictions for the year ahead that FST collected back in January. These predictions about the future ...
Posted in New technologies, post-crunch reform, technology | No Comments »
Monday, January 25th, 2010
The American President, Barack Obama is proposing major new curbs on the activities of banks to try to prevent future financial crises. He intends to restrict the size of banks and limit riskier trading practices by re-instating a modernised version of the famous Glass-Steagall Act from the 1930s that separated ...
Posted in General, Regulation, post-crunch reform | No Comments »
Wednesday, December 9th, 2009
As expected, the Chancellor, Alastair Darling, has unveiled a one-off 'super tax' on bankers' bonuses as part of his pre-Budget report (PBR) today. The new levy has been set at 50 per cent of any individual discretionary bonus paid above £25,000. The banks themselves, rather than the bankers, will have to ...
Posted in General, post-crunch reform | No Comments »
Monday, December 7th, 2009
Speculation is rife at the moment that the UK banking industry is facing a multi-billion pound windfall tax this Wednesday when the Chancellor, Alastair Darling, unveils his pre-Budget report (PBR). The move is thought to be in response to the recent row between the government and the directors of RBS who ...
Posted in Regulation, post-crunch reform | No Comments »
Tuesday, October 27th, 2009
I attended a clubbable FS event last night at the Lloyds of London building where the shadow chancellor for the Liberal Democrats, Dr Vincent Cable, one of the few figures to have actually enhanced his reputation following the financial meltdown of last year, gave a presentation entitled The New World ...
Posted in G20, Regulation, post-crunch reform | No Comments »
