Archive

09Apr2018

Blog : Hairless Apes & Spreadsheets

“Spreadsheets plus human error can add up to disaster” ran a headline in The Times (April 9, 2018). It transpired that the collapse of Conviviality, where Bargain Booze and Wine Rack had lost £500m in three weeks, was down to human error or as they called it, an “arithmetic error” where someone had entered an
  • 9 Apr, 2018
  • Quinapalus
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  • Insurance, Spreadsheet,
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31Jul2016

Blog : Over-egging the Pudding?

A good friend was recently recounting, over a couple of pints, a newly discovered burden of having a small business within the financial sector.   We were sitting in a pub near to his offices where he runs his wealth management company from two small rooms.  Based in the centre of a small provincial town just
  • 31 Jul, 2016
  • Quinapalus
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  • BCP, Business Continuity, FCA,
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30Jun2016

Blog : K.I.S.S.

It would appear, after recent ‘polls’ (and we know how horribly unreliable they are), that many buy-side firms are now considering ditching any thought of paying for research through commissions and also dropping the implementation of the new Research Payment Accounts (RPAs) to support any payment mechanism between the firm and the research providers. According
  • 30 Jun, 2016
  • Quinapalus
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  • MiFID, Research, RPAs,
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26May2016

Blog : Who wants to build a sandcastle?

With the weather warming up, and our thoughts turning to blue skies, azure seas and chilled drinks by a Mediterranean pool we were pleased to see a press release from the FCA that they were introducing a sandbox.  Imagining that they were going to convert Canada Square into a beach in a similar way as
  • 26 May, 2016
  • Quinapalus
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  • FCA,
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31Mar2016

Blog : SM&CR ?  It’s getting a bit slippery out there!

A new piece of legislation came into force at the beginning of March.  The government, as promised in its document last October, amended the Bank of England and Financial Services Bill to extend the Senior Managers and Certification Regime (SM&CR) to cover ALL FSMA authorised persons, rather than just those in the banking sector. However, not
  • 31 Mar, 2016
  • Quinapalus
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  • Senior Managers and Certification Regime, SM&CR,
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28Dec2015

Blog : Is anyone going to plug the leak?

In what seems like a cross between a John le Carré novel and an episode from British sitcom, ‘Yes Minister’, the market’s approach to impending regulation concerning the payment for research is seemingly being influenced by a variety of leaked documents. These documents, emanating from ESMA and relating to the MiFID II, contain much detail
  • 28 Dec, 2015
  • Quinapalus
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  • ESMA, MiFID, Research,
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10Oct2015

Blog : The New Swedish Model

Fully anticipating an article about a new Volvo XC90 or the emergence of the next Brit Ekland, it was somewhat of a disappointment to read a piece about dealing commissions, research payment accounts (RPAs) and asset management. We’ve had many things emerge from Scandinavia over recent years – cars with lights permanently on, impossibly attractive
  • 10 Oct, 2015
  • Quinapalus
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  • Dealing Commission, ESMA, MiFID, Research, Unbundling,
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30Sep2015

Blog : Many happy returns, accounts, invoices, etc

And so we wish a very Happy Birthday to Microsoft Excel.  It was on the 30th September 1985 that Microsoft launched Excel 1.0 for Mackintosh computers and from its early beginnings, competing with Lotus 1-2-3, it has now become the de facto global standard for spreadsheets. Its proliferation is something to behold.  There can’t be
  • 30 Sep, 2015
  • Quinapalus
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  • Insurance,
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28Aug2015

Blog : A rest is as good as a change

And so the summer draws to an end and everyone has returned back to work from their holidays, tanned, refreshed and eager to see what the coming months bring. Or perhaps not.  Already a sense of déjà vu pervades the markets. The traditional summer inertia is being replaced with the normal inertia caused by uncertainty
  • 28 Aug, 2015
  • Quinapalus
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  • Best Execution, ESMA, FCA, MiFID, Research, Unbundling,
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30Jul2015

Blog : Plus ça change . . .

They are simple folk, software developers, never comprehending the complexities of the real world, only understanding the simplicity of 1s and 0s in their binary environments. Communicating in a weird language replete with abbreviations and obscure acronyms. I had a frustrating conversation with one such individual last week about the possible IT ramifications on a
  • 30 Jul, 2015
  • Quinapalus
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