Category Archives: Regulation
An apology over the proposed bonus cap
The proposed extension of the cap on bonuses to asset managers has exposed the true colours of MEPs in attacking bonuses: they just don’t like rich people. My latest column for Financial News I feel that an apology is in … Continue reading
The end of the nuclear arms race in investment banking?
For years investment banks have been locked in a multi-billion dollar arms IT arms race to build the best and the fastest systems. But a new initiative being led by Deutsche Bank suggests that many of them may have been … Continue reading
The problem with investment banks – part 3: profitability
The investment banking industry has a problem. In fact it has at least three of them: a revenue problem, a cost problem, and a profitability problem. In the third of three articles to cheer you up after the summer break, … Continue reading
That new banking inquiry team in full…
After an ill-tempered debate in the House of Commons, a senior Treasury source has leaked its proposal for a ‘dream team’ inquiry into the standards in the banking sector that combines cross-party political representation with a few professional executioners. Andrew … Continue reading
Banks in the line of fire over bonuses
The latest proposals from the European Parliament to cap bankers’ bonuses at one times salary would wreak havoc at banks in Europe. Here are the banks most affected – and what they might do about it. ‘Oh Christ!’, was the … Continue reading
Jamie Dimon’s testimony to US Senate Committee
Here is the full text of Jamie Dimon’s testimony to the US senate committee on banking, housing and urban affairs, ahead of what is likely to be a bruising hearing today at which he will be grilled about the $2bn … Continue reading
Time to drag the IPO market out of the Stone Age
The IPO market is broken. Here are 10 ideas to help fix it. My latest column for Financial News. Something has gone horribly wrong when a company like Facebook, which applies terrifying amounts of computer-processing power to revolutionising the way … Continue reading
Transparency and the House(s) of Morgan
Transparency is Wall Street’s version of Kryptonite. If you take away the informational advantage that investment banks have over their clients and shareholders, then you take away their already diminished ability to print money. My latest column for Financial News. … Continue reading