Tag: banking crisis

Uncategorized1 Comment

For the record – UK and US reports on the banking crisis

Colin Henderson

For the record.  Links to both the reports below.  Enjoy. A banking crisis is a terrible thing to waste Last week, the banking world was gripped by the findings of a probe into the financial crisis by a powerful US Senate committee and the interim report of Britain’s government-appointed Independent Commission on Banking, led by Sir John Vickers. Here are the reports: Vickers Independent Commission on Banking (UK) Interim Report (pdf) Levin US Senate Report (US) InterimReport110411.pdf Continue reading For the record – UK and US reports on the banking crisis

Economy, Innovation

The Aftermath of Financial Crises | study

Colin Henderson

A short and useful paper offerring some points that help to frame the next few years for strategic planning purposes.  This to be read of course in the context of politicians preaching ‘road to recovery’ which leaves the uninformed with the view that we will get over this blip and back to normal. I prefer to think of this as a shift that will profoundly change things for the next few years, with some good and some not so good elements in that shift.  It may be good that the banking industry will be shaken up, and out of that … Continue reading The Aftermath of Financial Crises | study

regulation1 Comment

G20 draft communiqué & FT interview with Obama indicate more regulation coming to Banks

Colin Henderson

Lionel Barber at the FT interviews US President Obama in advance of the G20 meeting Thursday.  Despite the broad sweeping answers it seems unlikely that we will see much tangible outcome from the session, but the G20 draft communiqué (below) is clear about stronger regulation. Obama interview: Full text | Financial Times FT: Let’s talk about the G-20. What will be your benchmarks for success? Obama: The most important task for all of us is to deliver a strong message of unity in the face of crisis. There’s some constituent parts to that. Number one, all the participating countries recognise … Continue reading G20 draft communiqué & FT interview with Obama indicate more regulation coming to Banks

Uncategorized

A future that has hope for banking innovation only in North America?

Colin Henderson

In something that is a bit ironic, the Democratic US government is looking the most conservative in management of banks amongst the G-7 scheduled next week in Italy.  Geithner is also looking the most thoughtful of the finance ministers, alongside Lagarde in France. This is seriously not a time for grandstanding as Brown and Darling continue to do too often.  Time to get it right with a sustainable approach that will not relegate banks to becoming permanent financial utilities which I fear is happening when you read this dire summary of the current state. Could we have a system in … Continue reading A future that has hope for banking innovation only in North America?