This is the latest round-up in the series covering key announcements and developments in UK financial risk and regulation. I take my usual summarised and simplified approach to the main stories, but as always the regulators have been very busy.
A significant development for some of my clients and readers was the announcement by the Basel Committee of key changes to the Fundamental Review of the Trading Book (FRTB), the proposed revamp of the rules on market risk capitalisation of the trading book, which have been in development and consultation for some years: now due for implementation in 2022. See section 1.
Elsewhere, Fintech planning loomed large in the minds of regulatory and government agencies, especially but not only the European supervisory bodies. In similar vein but more broadly, Bank of England Governor Mark Carney made a thoughtful speech on the future of money in the light of the crypto-currency revolution. See section 2.
The topics mentioned here are just key highlights – see the detailed sections for more stories. See individual articles in this blog for links to underlying source stories or documents.
*** Note: The articles in this blog do not constitute advice, but please contact Prism-Clarity for further information, including where to get the best advice. ***
And so VR is once again my guest.
And why is this? Was keyboard unimpressed?
Sincere apologies to Sir Tim Rice for mauling his much better lyrics, but it is the truth. I have been completely unable to get anything out of my keyboard for weeks upon weeks. Apart from one rather geeky diversion into speech punctuation.
To break the spell, at a good friend’s suggestion, I plan to go back to voice writing mode. So this blog – apart from the introduction which was written on tablet – was intended to be written in one hour flat, from start to finish, using voice recognition (VR).
An ironic twist – at this week’s London Book Fair (#LBF18) I spent time helping on the SfEP stall in the hilariously labelled ‘Writer’s Block’ in Hall One at Olympia.
Yes, writer’s block sure is what it feels like – thanks for the reminder!
There is no obvious reason for it. So this blog is an attempt to work out what may be going on. Why does the pen/keyboard/voice suddenly go dry for no apparent reason?
[Note on the author: Nick Durrant is a paraplanner and Chartered Financial Planner. Nick is currently a student on the City, University of London Writing for Business short course, which started in January 2018. This blog was created as part of a homework/in-class exercise on that course.]
Emmanuel Macron’s impressive rise to the French Presidency can, with the right mix of ingredients, be repeated elsewhere. Britain could be first.
On a cool Amiens evening in April 2016 Emmanuel Macron launched a new political movement – En Marche! – in front of a small, attentive audience. It was, he said, to be a party that was neither “of the right nor the left”, offering a new form of politics, different from the traditional parties. It worked. Thirteen months later twenty million French men and women voted him as their president.
The stratospheric rise to power of En Marche! can be dismissed as a one off event, never to be repeated in western politics. But there are signs in Britain (where two parties have provided every prime minister for 100 years) that the traditional system could also be threatened by new political movements. Five key trends show why.
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