Blog
JPMorgan agreed to pay $920M to Settle London Whale Probes
By Bloomberg.com JP Morgan agreed to pay $920 million in penalties and admitted violating securities laws last year as top managers withheld information from the board. Senior executives had evidence by late April 2012 that traders in the chief investment office in London were pricing a derivatives portfolio in a way that reduced reported losses, […]
The scope and structure of Transaction Banking
Transaction Banking function differs from bank to bank, so what is the ideal structure of a transaction banking unit and how one define its function ? Follow this interesting discussion on the scope and challenges of transaction banking worldwide. “Transaction banking mainly operates behind the scenes and caters to treasury functions. In the broadest definition, […]
MasterCard and EFL partnership to help SMBs’ growth in the developing countries
As reported by AmeInfo.com, MasterCard and the Entrepreneurial Finance Lab (EFL) today announced a global partnership to promote small business (SMB) growth in developing countries. The partnership was at the annual banking conference, SIBOS, and provides international issuers in developing markets with new tools to help improve credit underwriting for unbanked small businesses.According to a […]
Measuring portfolio performance
Moneylife surveys Portfolio Management Schemes An Indian financial reporting group, Moneylife, has released an interesting survey into the public’s experience of Portfolio Management Schemes (PMS) a popular portfolio management service in India provided to clients by all major brokerage firms, asset management companies and independent experts. The survey was carried out on the back of a […]
More difficulties for asset managers and pension funds to access OTC derivatives market
Impact of Dodd-Frank on asset management and pension funds in the US With the new section of Dodd-Frank regulations which came into life on 9th of September, asset managers and pension funds in the US will face more difficulties in accessing the OTC derivatives market as they have to clear the trades through central counterparties. […]
OTC Derivatives Market Update
Derivatives move into the shadows According to FT shadow financial institutions are taking advantage of a wave of new derivatives regulation imposed on the banks. This has resulted in a substantial portion of the derivative market moving away from the mainstream banks and towards the shadow financial institutions. Hedge funds and smaller banks are now trading more […]
ERM – Enterprise Risk Management: Not a one-size fits all programme
Dan Baldwin from Leggett & Platt discusses the importance and complexity of managing ERM in an organisation. ERM – The Art and Science of Enterprise Risk Management (…) Risk is a big part of life and business. If you take no risks, you limit your potential for success. If you take too much risk, you may […]
In the news: Repo round-up
ECB temporarily relaxes rules on ASBs With effect from 16 October the European Central Bank (ECB) is imposing higher reporting standards for residential mortgage-backed securities (RMBS) and asset-backed securities (ABS). However it has agreed to temporarily consider accepting securities which fall short of the standards on a case by case basis and subject to acceptable […]
Top 3 motivations for setting up a single-family office
According to Forbes single-family offices are booming. Many of the super-rich from the likes of tech entrepreneurs and hedge fund managers to ultra-wealthy inheritors and successful business owners are all establishing single-family offices. There are many reasons for them to do so and the top three are: control, intense customization, and tight oversight of providers. Topping the […]
When Operational Risk is a matter of judgement
Co-op in the spotlight The UK Treasury Select Committee is carrying out an enquiry into the collapse of the deal to sell 632 Lloyds Banking Group branches to the Co-op. Appearing before the committee Neville Richardson, the former Co-operative Bank Chief Executive, has given evidence which appears to be at odds with that given by […]