Lehman, Brexit, De-Regulation and the future of EU fintech The decision by the citizens of the United Kingdom to vote against continuing membership of the European Union (#brexit) will have wide ranging repercussions on many facets of the European (and even global) economic system. As of early 2017, we see this trend further reinforced by a new US administration that aims to revisit a wide range of policy choices, including aspects of financial services regulation.
Fintech Risk Events Fintech Risk Events is an open catalog of observed and publicized operational failures of fintech business models. The catalog aims to document, in due course, such events reasonably accurately, to allow risk managers understand the (potentially new) vulnerabilities of new financial services models. Scope The scope of the operational risk database is “Fintech” companies. By that we mean newly established financial services providers that operate exclusively via new (digital) platforms and are (mostly) unregulated.
Risk Management Internship In finance, it’s the best of times, it’s the worst of times It is a special moment to start a career in financial services. We are walking amid the ruins of the previous financial order. Fallen banks, broken markets, negative interest rates, shell-shocked economies and discredited theoretical assumptions. We see the enormous cost and impact to the welfare of society of a less than perfect financial system which has not kept pace with the advancement of our general knowledge and technical capabilities in most other domains.
Top 10 Reasons why Silicon Valley cannot disrupt Wall Street (yet) This is the 2016 update on our independent critical examination of the running meme of “fintech disruption” in the financial services space. The “Top Ten list of why Silicon Valley cannot Disrupt Wall Street (yet)” was published first here in October 2014 Motivation The possibility, heck inevitability, of “Silicon Valley” (Henceforth abbreviated SV, representing new technology entrants) aiming to “disrupt” Wall Street (Abbreviated WS, representing incumbents) is one of the fascinating memes of our times.
Risk Management Skills for the Fintech Era Risk Management Skills for the Fintech Era Financial services jobs continue being decimated. A recent (as of the initial post date) FT article was a sobering summary of the continuing “transformation” of the financial sector: 2015 alone has seen more than 10% reduction of the total workforce across large EU/US banks: As main drivers for this true jobs hecatomb are cited higher minimum capital requirements (that depress Return on Equity and hence require lower costs to restore it to investor acceptable levels), low interest rates that erode Profitability Margins, and a generally subdued economic landscape which reduces Volumes.