Tag Archives: banking

Negative Interest Rates: Turning the Banking System Upside Down?

banking upside down

Did you ever imagine having to pay money to keep your savings in a bank account? No? Well, in these times of extremely low interest rates, a new reality is rapidly approaching. As some of the European central banks have … Continue reading →

Felony Banking in the First Degree

prison bar shadow

The last time a major U.S. bank plead guilty to criminal charges, the movie Beetlejuice was in theaters. The year was 1988 and the once high-flying firm of Drexel Burnham Lambert, as a corporation, plead guilty to six counts of … Continue reading →

Concentration of Financial Infrastructure in Urban Centers

dense city

Sandy and 9/11 taught us some harsh lessons about how much of the US financial backbone is located in a narrow swath of real estate. It is true that more people are working remotely and that the Internet has made … Continue reading →

Operational Risk Capital for Banks: 3 Changes to Keep an Eye on

euro money bags

Whether a so-called AMA bank, or a bank adhering to the simpler, standardized approaches for calculating operational risk regulatory capital needs – some important changes are waiting to materialize around the corner. All of them are aimed at restoring lost … Continue reading →

US Long-Arm Jurisdiction Creates New Terrorism Headaches for Banks (Among Others)

terrorism funding

I am indebted to John Blancett, partner of law firm SDMA for drawing my attention to a startling decision of the US Court of Appeal for the Second Circuit: Tzvi Weiss et al. v. National Westminster Bank Plc (judgment delivered … Continue reading →

ECB Stress Tests: The Whole Truth?

European Central Bank

On October 26th, the results of European Central Bank’s European Union-wide asset quality review (AQR) and stress test were published. An exercise covering 123 banking groups from 22 countries with a total of EUR 28 trillion assets as of December … Continue reading →

Misuse Confidential Information and Risk a Significant Payment

stealing secrets

A recent decision of the English High Court found Barclays Bank liable to pay damages of €10 million to CF Partners for breaching an equitable duty of confidence. The Court held that the bank had misused confidential information, supplied by … Continue reading →

Millennials – Changing How We Bank

phone-credit-card-jeans

Banks must evolve and tailor their service platform for the huge Millennial demographic--or face the disintermediation experienced by other industries. Continue reading →

Big Data for Banks: Friend, or Foe?

big-data

While the jury is still out on the matter, a realistic answer at the present time would most probably be “both”. In this blog, I will explore and share the rationale for why this is so and how to manage … Continue reading →

M-Payments – New Ways and New Risks in Moving Money

mobile payments

Electronic payment systems are nothing new. The first electronic payments were made over telegraph wires in the 19th century, hence still referring to ‘wire transfers’ today. Mobile-based payments (m-payments) are, however, a much more recent development. Continue reading →