Tag Archives: banking

Banks of the Future: Millennials and Risk Culture

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From employees, to consumers, banks need to affect true cultural and behavioural change, restore trust and ethics and ensure consumers are placed at the heart of business. Continue reading →

Cybergeddon? SWIFT Malware May Put Central Banks at Risk

Bangladesh hack

The scariest bank robbery in history took place recently, and very few people understand the true nature of the crime. A robber with a gun can empty a bank vault.  A mastermind with an understanding of SWIFT can steal a … Continue reading →

Collateral Damage to Reputation: The Fight Back Continues

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I’ve blogged before about the risk of collateral damage to reputation for individuals caught up in regulatory enforcement activity involving their employers. Now a new and successful challenge has been made by a manager of a major investment bank against … Continue reading →

HBOS: Why the Regulators Will Make Sure Things Go Differently Next Time

HBOS_why

Much has been written in the last week about the long-awaited report into the reasons behind the collapse of Halifax Bank of Scotland (HBOS). This is hardly surprising given the size of the collapse and the report’s hard hitting conclusions, … Continue reading →

Creating a Capital Markets Union: And the Winners Are…

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In November 2014, the European Commission (EC) announced a flagship project to build a deeper and more integrated capital market among the EU28 countries – named Capital Markets Union (CMU). This blog takes a closer look at the motivation behind … Continue reading →

Convenience is Banks’ Secret Weapon in War with Silicon Valley

Tuxedo banking

Regional and community banks haven’t lost to Silicon Valley – yet. But they face some serious challenges. Unexpectedly, the desire for convenience may be today’s banks’ biggest advantage in the coming battle with Internet start-ups. Continue reading →

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

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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

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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 →