by Kristin Moyer | September 30, 2008 | 1 Comment
David Furlonger here. We have been discussing the restructuring of the industry for some time – in fact in 2006 we predicted the demise of at least two of the top bulge houses due to unsustainable business models and excessive leverage. The question is what kind of restructured picture will emerge. Our financial services scenario [...]
Category: Uncategorized Tags: banking and investment services, business value of IT, financial services restructuring, IT
by Kristin Moyer | September 29, 2008 | 1 Comment
David Furlonger and Vinny Oliva here. We are visiting clients in Asia and are currently in Mumbai. Not immune to panic, the market here is certainly concerned about the continuing bad news from the US. Particularly concerned is the IT services sector who have an over exposure to the financial services market. It is clear [...]
Category: Uncategorized Tags: banking and investment services, financial services restructuring, India, IT vendors, Mumbai
by Kristin Moyer | September 26, 2008 | Comments Off
I’m in the Nordics this week and awoke to more grim financial news, as WaMu becomes the largest bank failure in US history. However, not all banks are in severe financial distress, for example banks in Northern Europe that fall into what I call the “watching carefully” crowd. This morning I gave a presentation to banking executives in Stockholm entitled, [...]
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Category: Uncategorized Tags: banking and investment services, lending, lending services hub, social networking, Web 2.0
by Kristin Moyer | September 25, 2008 | Comments Off
While there continues to be a lot of uncertainty in the global financial community, one thing is clear: IT budgets are coming under increased pressure and scrutiny. CIOs can pursue cost containment in many different ways across the categories of their IT portfolio. Here are three strategies to contain costs using the Gartner investment framework: [...]
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by Kristin Moyer | September 24, 2008 | 2 Comments
Rick DeLotto here. I have been hearing a lot of chatter recently that the “increased wallet share” model is breaking down as customers limit themselves to one FDIC-insured account per bank per family, rather than the maximum… unless their confidence in the banking system as a whole is utterly shaken they will be looking for [...]
Category: Uncategorized Tags: banking and investment services, financial services restructuring, market crisis
by Kristin Moyer | September 24, 2008 | Comments Off
Doug McKibben here. Corporate performance is about reliable and sustainable processes and performance against those processes and associated policy. More timely adoption in the U.S. of the principals of Basel II may be a starting point, but what we are seeing here is operational failure. The largest institutions in the U.S. have opted into Basel [...]
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Category: Uncategorized Tags: banking and investment services, Basell II, financial services restructuring, market crisis
by Kristin Moyer | September 24, 2008 | 1 Comment
David Furlonger here. The call by the Bank of England for minimum capital requirements sets the scene for yet more regulatory oversight. Calling for more capital reserves is one thing – having banks implement realistic risk management methodologies is another. Many firms who have been in distress have well established Basel II programs – these [...]
Category: Uncategorized Tags: banking and investment services, Basel II, Basel III, financial services restructuring, market crisis, regulation, risk management
by Kristin Moyer | September 24, 2008 | Comments Off
David Furlonger here. Morgan Stanley and Goldman Sachs changed to bank status earlier this week. I believe this has little impact on the mainstream banking industry except perhaps in one area. These two institutions are famous, amongst other things, for their ability to innovate. So, does this mean that the comparatively staid world of retail banking [...]
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Category: Uncategorized Tags: banking and investment services, financial services restructuring, market crisis, Merrill Lynch, Morgan Stanley
by Kristin Moyer | September 23, 2008 | 1 Comment
David Furlonger here again. Harvey Pitt is now throwing his input into the ring and calling for more transparency. What does this mean for IT professionals at trading houses? Risk management methodologies, frameworks, processes and systems must go through an immediate review with the goal of creating a more holistic and less latent picture of [...]
Category: Uncategorized Tags: banking and investment services, trading houses
by Kristin Moyer | September 23, 2008 | 1 Comment
David Furlonger here, adding to the Banking & Investment Services blog for today. Give it $700 billion and the Treasury will do its best. There is no guarantee this close to the election that the proposals will actually go forward or in the vague form outlined. The critical “abyss” the market is facing is not so much [...]
Category: Uncategorized Tags: banking and investment services, financial crisis, scenario planning
