Tag Archives: banking

The Next Big Thing in Banking May Not be a Bank

v

“Chase or Google?” my colleague challenged me, asking which would be more important in ten years’ time. The answer may well be neither. Continue reading →

How to Reduce Risk of Lending to Small and Medium Enterprises

Bank Vault

In recent years large banks have been reluctant to lend to small and medium enterprises (SMEs). Smaller banks, relying on less sophisticated capital models than the bigger banks, are unable to take up the slack.  The consequence has been a … Continue reading →

Changes to the Approved Persons Regime

personal responsibility

In response to the 2013 Parliamentary Commission on Banking Standards report, the current Approved Persons regime for banks is being replaced with a strengthened regime for regulating senior individuals. Continue reading →

5 Financial News Stories You May Have Missed: “Special” FX

5 Financial News Stories

Here are news stories from the week that were easy to miss, but may have some lasting impact. Continue reading →

Banks’ Get-Out-Of-Jail Free Card

Open Jail

Large banks may be virtually immune from criminal prosecution. Continue reading →

5 Financial News Stories You May Have Missed: Opportunistic Suits

5 Financial News Stories

This week: opportunistic suits, cyber attacks, guaranteed returns, LIBOR criminals, and some pretty major fat-fingering. Continue reading →

5 Financial News Stories You May Have Missed: Certifiable

5 Financial News Stories

This week: The Supreme Court, SEC, fraud statute of limitations, class actions, vanishing small banks, and Henry V. Continue reading →

Libor Litigation: Coverage Dispute Clues

Libor Litigation

There has been a lot of publicity around the decision of Mr. Justice Flaux to allow Graiseley Properties Limited to argue their pleaded case at trial. What I find interesting about the case is the legal basis on which it has been … Continue reading →

Banks Daring to Defy Dodd-Frank Mandates (You Can’t Make Me!)

Defying Dodd-Frank

One of the perhaps laudable goals of the U.S. Wall Street Reform and Consumer Protection Act (aka Dodd-Frank), generally supported by global regulators, has been to create a more robust regulatory framework for largely unregulated transactions, including swaps and derivatives, … Continue reading →

Farepak: A Silver Lining for the Directors but a Dark Cloud for the Banks

Lawbook and Glasses

Remember the collapse of Farepak in October 2006 and the resulting furor when over 100,000 customers lost deposits to secure their Christmas and other food and retail vouchers? A lot of that outrage was directed at the board of Farepak … Continue reading →