Good documentation still matters for firms in the financial sector in this online age. This blog explains why.
There is so much more riding on it now. More complexity to explain. More choice for the consumer to get her head around. More personal accountability for executives, non executives and public officials.
More risk, more threats, with more potency, that governments, regulators, firms and consumers need to understand and mitigate.
Clarity is the key to that understanding and mitigation.
Good documentation delivers the clarity we need to make the right choices and navigate the complexity.
This blog tries to answer some very simple questions on what banks do and why; and what those of us involved with bank capital, regulation and governance actually do all day; and why.
This doesn’t just mean high street banks but the broad definition of bank: wholesale banks, brokers, investment firms, funds, advisory boutiques, etc.
One way or another they’re all doing intermediation between people who need capital and people who supply capital. Which in economic terms is what it’s all about.
There are huge simplifications in this story but I hope you will bear with them. It is based on an imaginary conversation with an inquisitive pre-teen who I bet now wishes he had never asked the question…
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