Dominic Hobson

On my shelves is a slim volume entitled "Greenspan's Taming of the Wave." It was written by a former head of research at BNP Paribas Asset Management in praise of Alan Greenspan, as a thank-offering for his brilliant achievement in putting an end...

Posted on: 14 Jul, 2014

Why are regulators increasing the demand for eligible collateral while simultaneously constricting its supply? Centralised clearing of swaps through cash collateral-hungry central counterparty clearing houses (CCPs), the planned...

Posted on: 07 Jul, 2014

If you are a hedge fund manager, it is always tempting to believe that you are too small to be of interest to regulators.

Or not the intended target of regulation at all. The fact that resources are too short to understand the...

Posted on: 02 Jul, 2014

It was dispiriting this week to attend the couple of hours devoted to financial services by the organisers of the Internet of Things. The event, hosted in a London hotel, was part of London Technology Week, in which the city...

Posted on: 23 Jun, 2014

Should fund managers care about sub-custody risk? There is a temptation to assume it is a risk their global custodians are paid to manage. As it happens, the network managers that select sub-custodians on behalf of global investment and custodian...

Posted on: 16 Jun, 2014

A few weeks ago I was privileged to listen to a private presentation to a group of international bankers by a senior European regulator. I was struck by the force of his emphasis, not on the detail or purpose of formal regulation, but on the...

Posted on: 09 Jun, 2014

An interesting research paper from Deutsche Bank concludes that an embargo on trade with Russia would not be anything like as disastrous for western Europe and the United States as the alarmists would have us believe. True, Deutsche Bank says the...

Posted on: 02 Jun, 2014

In a policy statement issued this month, Changes to the use of dealing commission rules (PS14/7),  the United Kingdom regulator, the Financial Conduct Authority (FCA), has maintained its hard line against equity commissions being used to...

Posted on: 27 May, 2014

A year ago the Financial Times published details of a study of public sector pension funds in the United Kingdom which showed that almost all of them were paying over the odds for lousy performance from active equity managers. The local...

Posted on: 16 May, 2014

Fund managers tend to be more interested in running money than in working out where it came from. Pecunia non olet, as the Romans put it. But accepting investments from anybody who cares to write a cheque is an increasingly imprudent...

Posted on: 13 May, 2014

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