This is back up information to the Turner Report. A regulatory response to the banking crisis turner-discussion-paper-dp09_02 216 pages This FSA Discussion Paper (DP) underpins The Turner Review, which is being published simultaneously. This DP covers the issues set out in Chapter 2 of The Turner Review and the associated actions, providing further analysis and background material. Both documents have a common analysis of the main causes of the current financial crisis. Who should read this DP Although the focus on this DP is on banking and investment banking activities, elements of the DP are much broader in their potential … Continue reading The Turner Report | Discussion Paper

I have been pre-occupied with the banking and economic crisis, so it was a welcome relief to read the latest Online Banking Report that covers the iphone and banking.  I have been on Blackberry for 10 years, but I am shifting to iphone when the 09 model appears.  Reason is that it just changes everything in terms of experience, usability and functionality.  The functionality comes from the app store and the proliferation of applications that work on the iphone. Jim has focussed on financial apps and the 32 page report is worth it for the screen shots and the ideas … Continue reading Mobile Banking 2.0: iPhone Edition | Online Banking Report

I just finished a conversation with a colleague on the West Coast of the US who it turns out is a reader of this blog, so thank you for that. The topic was the dire nature of the news, and in particular the emails from RBE (Nouriel Roubini) which are consistently bearish, and with the timing of those emails coming in late at night, this can contribute to sleep deprivation from worry. Aside from the potential for re-scheduling the emails, it made me reflect on what is missing in all this economic crisis, and how it is different than what … Continue reading When will it all end? | the answer has to begin with smart banking regulation

This is an excellent paper designed as a note the to G20 Finance Minister meeting which just occurred in Horsham last week.  It provides context and detailed analysis of the issues affecting the world economy, and with good detail on the risks and issues relative to banks. IMF Note to Group of 20 Some notes from their conclusions: while they conclude a return to GDP growth could occur in the 3rd quarter 2010, the conditions on that conclusion and the risks noted, make a return to growth by then unlikely. Deflation remains a fact for some time On banks and … Continue reading Global Economic Policies and Prospects | IMF note to G20

P2P lender Lending Club announces their Series B raise of $12 million.  The money is to fund new growth and the announcement also indicates the hiring of Pamela Kramer as CMO. Lending Club continues to be the only regulated P2P lender in North America and this news appearing during these hard times for raising cash has to be indicative of the promise for the industry. Congrats to Renaud, Rob, and all the team at LC. Lending Club Closes Series B Financing Round  SUNNYVALE, Calif.–(BUSINESS WIRE)–LendingClub.com, the peer lending network that brings together investors and creditworthy borrowers, announced today that it … Continue reading Lending Club gains strength and momentum with new capital raise