Tag: regulation

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What the EU AI Omnibus Deal Changes for the AI Act and What Lies Ahead – technology.press

Colin Henderson

This site is new to me. Captures themes in pro/con AI frame. https://www.techpolicy.press/what-the-eu-ai-omnibus-deal-changes-for-the-ai-act-and-what-lies-ahead/ —————- What the EU AI Omnibus Deal Changes for the AI Act and What Lies Ahead MEPs Arba Kokalari, left, and Michael McNamara — co-rapporteurs on the AI Omnibus — at the European Parliament on May 7, 2026. Source: Michael McNamara/LinkedIn. At 4:30 a.m. on May 7, EU legislators reached an agreement on the AI Omnibus, the regulation amending the EU AI Act. This concludes the most arduous phase of a six-month negotiation process conducted under an exceptionally tight schedule, aimed at finalizing the whole procedure before the original August … Continue reading What the EU AI Omnibus Deal Changes for the AI Act and What Lies Ahead – technology.press

Agents, AGI, AI_factories, AI_research, banking, Business Models, Development, Frontier_AI

Exploration of thesis: “Saas shift to Gaas”. What are impacts on Core Banking software vendors and regulatory regimes

Colin Henderson

(Gaas – Agentic AI as a service – source NVDA) Here is some real time research that emanates from today’s Morning Briefing. The core of this disussion is the shif to Agentic AI and provision of core services which goes to the heart of commoditisation for tranditional vendors. The scope of this discussion here is on core banking software vendors and banking regulatory regimes OSFI. Explanation 1. Prompt: my comments and questions 2. Output: results from Claude.ai This is raw realtime thinking. The space is moving fast driven by frontier development with Anthropic Claude Mythos exemplifying the direction of Gaas … Continue reading Exploration of thesis: “Saas shift to Gaas”. What are impacts on Core Banking software vendors and regulatory regimes

AI

Death Machines — Elke Schwarz (2018/2019)

Colin Henderson

Source Claude AI I studied and researched this book and little experience with #Arendt I go further researched in Claude and the results are illuminating and point to serious deficiencies in the “guardrails “ thinking that guides latest Government thinking on AI regulation. ———————————— This is a rich and genuinely important book, and you’ve landed on it at exactly the right moment given what’s unfolding with the Anthropic-Pentagon thread we’ve been tracking. Death Machines — Elke Schwarz (2018/2019)Core ArgumentSchwarz’s central move is philosophically subversive: she refuses to engage the ethics of lethal autonomous weapons on their own terms. The conventional … Continue reading Death Machines — Elke Schwarz (2018/2019)

productivity

The Productivity Era

Colin Henderson

Where are we with AI now evolution Introduction I have written about AI from business perspective. Here I will look forward and cover how my original vision of AI as a business tool is coming along. Artificial Intelligence was introduced to most of us as ‘smart chat’. My original belief however was shaped earlier in 2023 which took it much further than chat. The shift in my vision took the impact a holistic vision of business benefit, social change and structural change. The model I had in mind is the British Industrial revolution which I covered earlier. There the shifts … Continue reading The Productivity Era

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Jamie Dimon’s annual Letter to Shareholders 2022 – my first impression

Colin Henderson

Annual Report 2022 | JPMorgan Chase & Co The letter contains a section on BANKING TURMOIL AND REGULATORY GOALS. My impression: More to come. Meantime here is JP Morgan introduction to this discussion extracted from the letter and the source. Following is extracted from JP Morgan letter. BANKING TURMOIL AND REGULATORY GOALS The recent failures of Silicon Valley Bank (SVB) in the United States and Credit Suisse in Europe, and the related stress in the banking system, underscore that simply satisfying regulatory requirements is not sufficient. Risks are abundant, and managing those risks requires constant and vigilant scrutiny as the … Continue reading Jamie Dimon’s annual Letter to Shareholders 2022 – my first impression

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Real banking innovation requires separation of basic banking from the rest of financial services

Colin Henderson

Reading Competition creates a Race to the TOP: The EU should seek Liberalisation not Harmonisation over at the thoughtful “The Extended Society” blog, and some of the other links there such as this at the Economist, got me to thinking more about regulation of financial services. The Dodd-Frank act | Economist  [emphasis mine] The law that set up America’s banking system in 1864 ran to 29 pages; the Federal Reserve Act of 1913 went to 32 pages; the Banking Act that transformed American finance after the Wall Street Crash, commonly known as the Glass-Steagall act, spread out to 37 pages. … Continue reading Real banking innovation requires separation of basic banking from the rest of financial services

Business Models, regulation

The Magnetar Trade – otherwise known as ‘The Black Hole”

Colin Henderson

This is a complex article at ProPublica that in simple terms illuminates all that was wrong with CDO’s and synthetic CDO’s. These instruments allowed investment bankers like Magnetar to circumvent insider trading rules.  The story of Goldman Sachs being charged by the SEC for fraud is only the beginning.  Financial reform is the last thing many financiers and bankers will have to worry about as this story takes hold. Magnetar involved all the big names and most are listed here.  You will see many recognisable names, eg. Citi, Wachovia, Deutsche, Lehmans, UBS, Mizuho, JP Morgan.  At this point it appears … Continue reading The Magnetar Trade – otherwise known as ‘The Black Hole”

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Big banks might move to Hong Kong | FT

Colin Henderson

I was listening to all the pundits making predictions for 2010 over the weekend and one struck me in particular. It was Chrystia Friedland US Managing Director of Financial Times on Fareed Zakaria GPS, and she predicted big banks moving their headquarters to Hong Kong, in response to regulation and taxes. It was a one liner comment, with no follow through, but there is no reason for an investment bank which can operate virtually not o optimise its HQ location. Interesting. One more point for the rise of emerging economies. Continue reading Big banks might move to Hong Kong | FT

Economy

Plan for Sound Banking – Conservative White Paper | analysis

Colin Henderson

Here is more on the Tory plan for banking outlined in the attached White Paper [57 pages]. Politics aside, lets take a look at the merits of this proposal and how it aligns with the problems I have perceived within banking and that are exacerbated over the last 2 years. The core issues I have seen are these: banks have become high dividend paying conduits due to protective regulation and tight association with Central Banks the regulatory protection produced a ‘cannot fail’ mentality about banks’ and .. this in turn resulted in no perceived need for a strong capital base, … Continue reading Plan for Sound Banking – Conservative White Paper | analysis

regulation

US releases draft regulatory framework for Financial Institutions

Colin Henderson

The US administration released a draft of their proposed regulatory framework today, putting the Federal Reserve front and centre. The big theme is to promote broader control of any institution involved in banking, and to specifically eliminate exemptions such as the Thrift Charter. Draft Fed report on Financial Institution Regulation pdf – 85 pages Continue reading US releases draft regulatory framework for Financial Institutions