When the European Parliament passed the “single Euro payments area” legislation on Tuesday, it was an important milestone in creating a unified, European, payment market. The, somewhat, voluntary implementation of SEPA Credit Transfers, SCT, and SEPA Direct Debits, SDD, by the European banks was a corner stone, but the slow adaptation of the new products… Continue reading SEPA end-date regulation – a strong driver for payment innovation
Beginning in 2008, we have an ongoing financial crisis in the world which is the worst of its kind since the Great Depression. The crisis became prominently visible in the autumn 2008 with the failure, merger or nationalization of several large American based financial firms. The global economy suffers from this crises ever since. Yet,… Continue reading “Margin call”
There are some noteworthy aspect of the upcoming regulatory jungle. When analysing future business cases for new OTC-derivative products, you need to consider sections on future regulatory impacts! To give an example, the EMIR regulations stipulate a lot of detailed rules, for example actual exchange of collateral, most likely on a daily basis, this already might deter some… Continue reading Chased by the Regulatory wave!
Background of EMIR: EMIR is a forthcoming EU-directive that addresses some of the concerns that came to focus at the financial crisis in 2008. The financial crisis brought over-the-counter (OTC) derivatives to the forefront of regulatory attention. The near-collapse of Bear Sterns in March 2008, the default of Lehman Brothers on 15 September 2008 and… Continue reading Who should care about the coming EU-directive – EMIR?
Banking policy tends to focus on banking in an economic context. In reality the future of banking and banking policy is now a consumer and customer context. This is not simply because of the role the public has played in maintaining stability in the recent crisis. It is because the commercial and enterprise world is… Continue reading Internet Innovation and the Future of Banking
As in the previous year, Bearing Consulting has sponsored the Banking Outlook Africa conference, which took place at the Sandton Convention Center in Johannesburg, July 19-23. To download the program, please click on the link below: Banking Outlook Africa 2010.pdf A hot topic at the conference was that 230 million households in Africa remain… Continue reading Banking Outlook Africa 2010
The seminar took place at the La-Palm Royal Beach Hotel in Accra, Ghana. The main topics were the direction forward for African banking and financial institutions, addressing an insightful breadth of issues including capitalization, re-capitalization, liquidity, asset quality, regulation (incl. Basel II), risk management, corporate governance and more beyond 2010. Speakers from across the continent… Continue reading African Banking & Financial Institution Seminar
During three days (6th to 10th of July) Terrapin arranged the annual Banking Outlook Africa conference in Johannesburg, South Africa. Bearing was there, represented by Richard Shaw, Lars Egstam and Jörgen Eriksson. The venue was the impressive Sandton Convention Center. The conference was a high level event with many CEO´s of African Banks attending. This… Continue reading Banking Outlook Africa 2009