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Gary Wright

Gary Wright Analyst at BISS Research

Does Germany have the courage to lead?

Time is dragging on and yet another round of summits passes by with political leaders still posturing, seemingly unable to agree policies or implement anything that will tackle the global economic problems, in the short and long term. This is most critical in the Eurozone, where it has the look of a battleground for the global economic downturn. T...

Gary Wright

Gary Wright Analyst at BISS Research

Are Stock Exchanges Failing?

This is the question for today? Economic strife and Government austerity measures have almost entirely stifled growth and with the Euro under threat and countries across the European Union suffering massive loss of living standards what can be done to stem the tide and begin the long road back to prosperity? I can’t help thinking about why Stock E...

Gary Wright

Gary Wright Analyst at BISS Research

A business case for investment in technology

There have been a number of reports published estimating the technology spend on I.T. in the next year. These reports are not unusual as they tend to appear either nearing year end or as a result of regulatory change of whatever the economic condition is at the time. In these times such reports are grasped by vendors sometimes more in hope than ex...

Gary Wright

Gary Wright Analyst at BISS Research

The Importance of T2S

Some people have doubted the importance and value of T2S and have rightly questioned the cost of building the system against the value it will provide. Indeed the UK is still not joining despite a growing list of countries CSDs signing up. Is the right for the UK? What is the long term benefit of T2S? Oddly the crisis in the Eurozone and the possi...

Post-Trade Forum

Gary Wright

Gary Wright Analyst at BISS Research

Brussels on trial

With the current state of the European economy and the massive problems facing the Euro the politicians in Brussels aided by the Governments of France and Germany stand accused of a dereliction of duty to the population of Europe and flagrant disregard of the risks of creating the Euro. How do they plead? Innocent or Guilty? The case against them ...

Gary Wright

Gary Wright Analyst at BISS Research

Collateral liquidity

The markets are struggling today with collateral management as never before. The fragmentation of market infrastructures, volatility in markets, increased margining requirements and counterparty risk requirements are all sucking in quality collateral, leaving the dregs to be shared throughout the market, leaving financial services firms to either ...

Post-Trade Forum

Gary Wright

Gary Wright Analyst at BISS Research

Payment convergence

T+2 is due in 2015 in Europe, and the USA are already investigating T+1, so it looks inevitable that shortening the settlement cycle is well and truly on the development map. Regular readers will know my views on this so I won’t go over already trodden ground, but the operational issues to achieve T+ whatever has to be addressed and a ...

Post-Trade Forum

Gary Wright

Gary Wright Analyst at BISS Research

The business benefit of T2S

Ah! I can hear you all crying that title as T2S draws ever closer and it creeps on to the development agenda. What is the business benefit? For once it’s not a regulatory driven change (Although it’s certainly political) so why should firms in the market get excited? Excited is probably the wrong word as it is more about plumbing than rockets to ...

Post-Trade Forum

Gary Wright

Gary Wright Analyst at BISS Research

The inevitability of inflation

Austerity is the new global standard with Governments all over the world trying to get balance back into their sovereign debt. The knock-on effects are there for all to see. The Greek people have reacted violently and have almost become ungovernable and this is opening the door for the radical far right and far left to step in with what might be o...

Gary Wright

Gary Wright Analyst at BISS Research

Austerity alternative?

The last few years have seen Governments introducing austerity measures as the solution to the gigantic sovereign debts, which have accumulated over decades. Of course it’s not just Government debt but also the mass personal debt that society has undertaken as a result of Government strategies to grow economies. The sensible, will view the obvious...

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