London Banker
Wednesday, 13 July 2011
Basel Accords: "Tissue paper over a mountain range"
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In 1987 I used the title of this post to describe the brand new Basel Capital Accords. I was a young and novice central banker, but as soon...
19 comments:
Thursday, 23 June 2011
Protect the Bondholders?
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The latest twists and turns in the Greek bailout fiasco have combined with a disturbing insight into FSA attitudes here in the UK to make m...
36 comments:
Monday, 13 June 2011
Anomie
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I came across a new word today playing Scrabble: Anomie : a collapse of the social structures governing a given society. Now that is one...
9 comments:
Thursday, 26 May 2011
Concentration, Manipulation and Margin Calls
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Over the past 25 years the financial markets of the world have become highly concentrated in the intermediation of a handful of firms, and r...
28 comments:
Monday, 21 March 2011
Quote of the Day: Greenspan's reputation dead as a parrot
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“Greenspan is an ex-Maestro; his reputation is pushing up the daisies, it’s gone to meet its maker, it’s joined the choir invisible. H...
26 comments:
"You can't build a car with 97% of the parts"
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The title statement summarises the challenge for the global manufacturing sector with Japan's industry and logistics disrupted for an u...
5 comments:
Friday, 18 March 2011
Inflation and Deflation revisited
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In December 2008 I came off the fence and plumped for deflation as inevitable . Mostly I reasoned that debasement of accounting practice, m...
1 comment:
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