Forecasting is a near-impossible task in an erratic world.
Bankers shouldn’t expect to be given the benefit of the doubt.
Only brief fixed-term mortgages are offered in the UK, leaving homeowners transfixed by the Bank of England’s every move. But it doesn’t have to be that way.
We should expect and enforce a certain standard of behavioural conduct from our leadership.
Regulators’ murky, undefined ‘point of non-viability’ has led to instability.
The chaos that ensued from the AT1 wipeout at Credit Suisse’s point of failure has raised questions about the future of the asset class.
The collapse reminds us of the purpose of capital and liquidity requirements, and raises concerns about the ability of modern technology to fuel deposit flight.
There are important lessons to be gleaned from the sterling plunge and gilt market crash in September off the back of an ill-conceived “mini” Budget. Politicians should be wary of the market’s power.
As banks look to promote greater diversity, there is a case for adding academic diversity to the list.
Social interaction is a vital part of the banking industry that we limit at our peril.
In these turbulent times, it is worth remembering our industry has always been cyclical, unpredictable and prone to occasional blowouts.
The UK and EU positions on this economically vital industry have become tangled and confused.