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Stanley Epstein

The Cheque is More than a Payments Instrument

So the venerable old cheque has been singled out and "tapped" for termination - in the UK at least. Of course, in the new world of electronic payments and instantaneous communications, the d...

24 Nov 2009
Stanley Epstein

The Mad Hatter's Tea Party

Where has the financial services industry gotten itself to in these past two decades or so? I have just been reading the Financial Services Authority's proposals regarding the reform of the mortgage m...

21 Oct 2009
Stanley Epstein

Is this just a Bad Dream?

So Goldman Sachs is in the news again. According to a recent article in the New York Times the firm and its employees are enjoying one of the richest periods in the bank's 140-year history. Imagine th...

19 Oct 2009
Innovation in Financial Services
Stanley Epstein

Is SWIFT Succumbing to the Dinosaur Syndrome?

The news item "Staff cuts ‘inevitable' as Swift contends with declining volumes" (FINEXTRA News, 14 September 2009) triggered some wider thoughts that I would like to share. SWIFT's need to ...

15 Sep 2009
Stanley Epstein

Risk Management? You Must Be Joking!

It was fascinating, listening to Tony Lomas and Steven Pearson from accountants PWC, give an account on the BBC of events a year ago inside Lehman Brothers Europe, at the moment that the rug was pulle...

12 Sep 2009
Stanley Epstein

Are We Heading Into Chaos - Again?

This is the time of year when the financial services industry, or at least the "techie" element heads off to some exotic venue for the annual SWIFT jamboree. SWIFT as we all know is the glob...

12 Sep 2009
Stanley Epstein

Risk management - why all this soul searching?

All of a sudden, now that the economies of many countries, not to mention the banking industry, is in tatters, we have dozens of articles and blogs all bemoaning the state of risk management and what ...

15 Aug 2009
Innovation in Financial Services
Stanley Epstein

This bank could be dangerous to your financial health

I have been reading of late in the financial press and various blogs how bank Boards are, all of a sudden embracing a culture of risk management. Suddenly they are into governance issues too. What rot...

31 Jul 2009
Stanley Epstein

Do banks really understand innovation?

A current question doing the rounds about banks and innovation really got me thinking. Are banks really interested in innovation or are these "innovators" just few and far between? When we s...

29 Jul 2009
Innovation in Financial Services
Stanley Epstein

Has the financial industry learned nothing?

I have been following recent press reports with a growing sense of unease. What I am reading is that some of the big banks, including some that were only bailed out by their respective governments in ...

17 Jul 2009
Innovation in Financial Services
Stanley Epstein

You gotta be kidding!

I generally find the subject of banking, risk management, payments and so on to be pretty serious stuff. After all I have spent my entire career dealing with the various aspects of all of this. I mu...

12 Jul 2009
Innovation in Financial Services
Stanley Epstein

Business versus Technology

It never ceases to amaze me that in the world of banking two different worlds can seemingly co-exist side by side, each oblivious of the other. There are many examples of this, such as "sound ris...

03 Jul 2009
Innovation in Financial Services