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Gary Wright

Archive for: February, 2009

Gary Wright - BISS Research - London | 24/02/2009 | 1976 views

Fantastic news at last!

Having previously written about the impending announcement that EMXCo were signing up clients for their settlement messages, today's press release informs us that the first company to spearhead this new offering is Brewin Dolphin who are leading the way to genuine STP territory for funds. It's a real landmark for the funds industry and Brewin's ad... Tags: Post-trade & ops

Gary Wright - BISS Research - London | 13/02/2009 | 2280 views | 1 comment

Bonuses! You got to be kidding

The news channels have all been carrying the enquiry into the banking crisis and of course been heavy laden with the grovelling apologies of the boardroom architects of the disaster. These apologies clearly written by their PR and delivered with hardly a look of remorse by those responsible are obviously totally inadequate. What was required was a ...

Gary Wright - BISS Research - London | 12/02/2009 | 4163 views

EU Payment Services Directive

The UK Government is putting before Parliament regulations that will lead to legislation due to be enforced on the 2nd March 2009. This should breathe life into the PSD after a particularly difficult and hazardous pregnancy as banks and other vested interests having been battling away to try and ensure their businesses are protected. The PSD we hav... Tags: Cards, Online bankingGroup: EBAday

Gary Wright - BISS Research - London | 11/02/2009 | 2989 views | 1 comment

Cost v risk; a catch 22 situation

At Finexpo last week where I was moderating a panel session, the panel of experts representing Euroclear, LCH.Clearnet, SIS x-clear, LSE and the ECB were asked a question concerning the importance of cost reduction or risk reduction? This question is obviously vitally important to the many financial institutions having to recover from the breakdown... Tags: Post-trade & ops, Wholesale bankingGroup: MiFID

Gary Wright - BISS Research - London | 04/02/2009 | 2592 views

Could there be a real rival to SWIFT?

Finding a SWIFT alternative always comes up in any discussion about messaging standards and the direction the finance industry is going. Most professional people in the know agree that SWIFT is a double-edged sword with both good and bad points. On balance the good has outweighed the bad but the gap is narrowing. SWIFT has had some outstanding ach... Tags: Payments, Retail bankingGroup: SEPA and European Payments