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Even as traditional banks concentrate on strengthening their online and mobile channels as a viable alternative to their core brick & mortar proposition, a new breed of direct-only competitors are...
The Starving of SMEs Like many of my industry colleagues, I have been passionate about the financing of SMEs, who are the true lifeblood of global trade. Banks, like most businesses, only have time...
The International Swaps and Derivatives Association (ISDA), on behalf of 20 industry participants, has submitted a letter to the Monetary Authority of Singapore (MAS) to drive trade reporting of over-...
According to recent press articles, the MiFID II trilogue has agreed on capping dark trading at an arbitrary 4% per venue and 8% overall market share. At the heart of the discussion around dark tradi...
The Monetary Authority of Singapore (MAS) has published its response to feedback received form its consultation on reporting of derivative contracts. The final requirements now appear in the Securiti...
Albert Einstein once said “If at first the idea is not absurd, then there will be no hope for it.” Each such novel idea brings to the table a plethora of other opportunities as well. In most cases, t...
If any of you watch my Twitter feeds, Facebook or Google+ posts or those of the financial services crowd at large, it is highly likely that you will have seen a post I authored on Huffington Post...
In Part 1 of this blog post, I'd described three issues with open systems that held banks back from transforming all their legacy applications to open systems. Here are three more: Sudden loss of fu...
What a fabulous week I have just had in Kenya. Home to many things, it is the current home of mobile money. Ask any Kenyan what mobile money is and how useful it is and you will get a very clear answe...
Banking industry transformation is an articulate demand coming both from the public and the regulators these days. How to approach that and what needs to be done is a matter of intense search and deba...
The Commodities and Futures Trading Commission (CFTC) has confirmed that registered entities and swap counterparties subject to the CFTC swap data record keeping and reporting regulations concerning L...
Several recent surveys show that the number of larger projects which are truly successful is well under fifty per cent. Some are outright failures; others fail to fulfil business objectives in some wa...