A survey done by Accenture and Finextra finds that the new Payment Service Directive (PSD), that will take effect in November, will cost each bank between 1 and 20 million – which is not very much in my view.
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The first Credit Default Swaps have now been cleared on a Central Counterparty (CCP).
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An interesting study conducted by the Georgia Tech Financial Analysis Lab suggests that we still haven’t seen the worst of the crisis.
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We need to think in a radically new way when it comes to banking regulation in the future.
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With the synchronised rate from western central banks cut some weeks ago, and trillions of dollars pledged in rescue packages for the world’s biggest banks, one would hope that the worst of the credit crisis is over. In reality, this remains to be seen.
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Working on the boundaries of the financial world as I do, one sits on the line where accounting meets real life. This provides a unique vantage point for seeing where cash flows are collected, managed, predicted, hedged, raised, invested and centralised before the cash is finally paid out again into the wider world.

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