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Unique Client Identifiers and SWIFT
26/02/2008
13:34:51
As the financial markets veer reluctantly
towards reconstruction (mainly because of political objectives) the major obstacle the industry has of "identity standards"
looms like an ogre. The lack of standard industry identifiers at fund account client level has been a long standing problem.
It has been debated for decades within all market...
20/02/2008 14:15:24
The nationalisation of Northern Rock was inevitable after the Governments
interference in the original crises. Interfering in the problems of Northern Rock at such an early stage, in the glare of
publicity, with the market aware of the deteriorating situation, was always going to end at ............
SEPA could have been so much better!
18/02/2008 13:34:22
As the SEPA fanfares of the 28th January disappear into the distance,
it's worth analyzing how all this could have been handled so much better, to achieve the mutual objectives of the banks and
most importantly their corporate customers...
Solving The Corporate Data Riddle
14/02/2008 11:54:54
A few years back I started a series of conversations with the three
leading Registrars in the UK about encouraging them to enter the data market. The idea was to consolidate all their data and
put it into ..........
MiFID makes a case for abolishing Stamp Duty.
11/02/2008 16:53:21
Now this might be a bit of a perennial at this time of year with the
budget looming large, but it's about time there was a concerted effort by the City to get rid of this crazy thing called stamp
tax for good! The Government always hides behind the issue of loss of revenue and this year that's ............
SEPA and SWIFT; a marriage made in heaven?
08/02/2008 14:09:12
SWIFT is nearly always part of a discussion when industry wide STP
is the topic, but does it deserve this high status? It maybe almost sacrilegious to question SWIFT, but with the 21st Century
well underway and umpteen changes hitting financial services, it is worth examining .......
Northern Rock; a government blunder
04/02/2008 16:32:23
Now that the Northern Rock crises is moving into its next stage, although
by no means final stages, its worth reflecting on how the whole thing could have been handled better .....
SocGen what has changed since Leeson?
01/02/2008 13:30:55
In 2005 I attended an event where Nick Leeson provided an honest and
forthright presentation of how he managed to create the dealing positions that eventually brought down Barings Bank. He consistently
maintained .....
HBOS nosedive due to stock borrowing?
26/03/2008
12:31:00
The recent
stories about HBOS share price manipulation stated that stock borrowing and lending was misused to assist in the lowering
of the share price. Rumors were created and circulated around the market about HBOS, which created an artificial situation
where traders took large short positions hoping to buy back as the share priced dropped making...
A spark to ignite Corporate Finance
19/03/2008
15:38:25
Over the
last two years I have been researching the technology requirements to support primary market transaction and other activities
in the Corporate Finance department. As an ex City professional I often worked closely with Corporate Finance to organise
settlement in the primary market and had the privilege of working on some of the most innovat...
Bear Stearns the end of the beginning?
19/03/2008
14:16:55
How deep
is the credit crisis? That must be the question on everyone's mind at the moment. Pundits have been trying to answer this
question ever since the term credit crunch was first heard in the USA and is now being heard loud and clear in Europe.
The Northern Rock saga accelerated attention beyond the finance industry into the view of a now ...
FSA shows naivety in response to Soc Gen fiasco
12/03/2008
12:50:48
The reaction by the FSA to the Soc Gen disaster is just not enough! The
recommendation for banks to tighten up systems and controls are laughable! I can guarantee you that the minute the news broke
every bank had already instigated a review of its systems, controls and procedures. I know because this happens after every
Soc Gen like situation. It...
Is SEPA an SGPA threat to the Asian Market?
12/03/2008
SEPA is here and well on the road to creating the world’s most efficient payments market and it’s in Europe! It’s easy to think of SEPA as simply a European focused project but its implementation
could now create a black hole sucking in global corporates to a cheaper more efficient payments capability.....
Is the FSA at odds with Brussels?
10/03/2008
12:58:15
The recent
announcement that the European Commission has been so perturbed by the FSA interpretation of the MiFID Best Execution definition,
that it has brought it back for redefinition, could be an indication that Brussels
has the intention of becoming a central hub for EU market regulation. As Europe becomes a
single financial market, many market...
FSA adds recording mobiles to client's armoury
06/03/2008
17:44:33
Finextra
have been advertising the whitepaper relating to the need for financial services companies to record mobile phones for some
weeks now and the response from the finance industry has been over whelming. There is clearly a high degree of interest in
this topic and one that has been recognised in this weeks FT with the news
that the FSA in the...
Banks and Corporates in a PSD divide
06/03/2008 10:47:44
The recent report from Tower Group, expressing deep concern about the impact
of the Payments Services Directive (PSD) between banks and their corporate customer’s, makes very interesting reading.
It appears to substantiate the underlying messages found within the white paper "SEPA moving against the tide". With both
documents coming fr...
A Shakespearean approach to Corporate Actions
04/03/2008 21:10:53
"For my own part it's Greek to me"
What is a corporate actions system and how can a business case be made to invest in one? There are plenty of software
vendors who purport to have cracked the STP nut in the corporate actions department but how real are they? Equally what constitutes
a corporate action for the financial services firm? ...
Articles
Could Evare be an Industry hub of opportunity?
Just about everywhere
you turn nowadays the dark ogre of new regulations looms menacingly over the financial services industry. At a time when the
securities markets are suffering a global correction and ........
