Financial System

Via Financial Post : Mark Carney, head of the Financial Stability Board, warned against giving in to “reform fatigue” a decade after the financial crisis, and called on the Group of 20 nations to strengthen regulatory co-operation. Leaving crucial standards incomplete “could erode our willingness to rely on each other’s systems …

Via The Guardian : Assessments sent to Barclays, HSBC, Lloyds, RBS, Santander, Standard Chartered, Nationwide, Metro, Citi and Morgan Stanley Britain’s major banks have received their first report cards from the body set up to improve standards and bolster the industry’s reputation in the wake of the Libor-rigging crisis. Dame Colette …

Via Forbes : “When one of our guys came up with the idea that our purpose should be to make banking joyful, I nearly threw him out of the room,” said Piyush Gupta, CEO of DBS Group, who runs Singapore and Southeast Asia’s largest bank. Gupta was describing the bank’s transformational …

Via Global Research : Reinventing Banking: From Russia to Iceland to Ecuador Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items: In Russia, vulnerability to Western sanctions has led to proposals for a …

Via The Conversation : If digital disruptors like crowd-sourced equity funding and peer-to-peer lending platforms are going to transform the finance sector, they need to be regulated. If they are going to create permanent positive change, they need to be regulated intelligently. But so far, the ability of regulators and industry …

Via HITC Business : Global Investment Banking Fees Total US$64.5 billion; Slowest Quarter for IB Fees since 2011; America Fees Down 1%; Europe Falls 25% Fees for global Investment Banking services, from M&A advisory to capital markets underwriting, totaled US$64.5 billion during the first nine months of 2015, a 10% decrease …

Via YouTube : China’s financial system… how does it work, what does an outsider need to know and what does the future hold? In this overview, Stanford Graduate School of Business Professor Darrell Duffie offers valuable insights for anyone interested in learning what makes one of the world’s largest economies tick. …