See things clearly

Paul Wallis's Blog – June 2012 Archive (1)

Is the financial system becoming too complex to depict?

As I walked away from the bank HQ 6 years ago, Han Solo’s famous Star Wars quote came to mind,

“I got a bad feeling about this”

During the meeting I’d just attended, a manager from the bank had explained how some transactions with other financial institutions occurred.  The transactions were very valuable, worth millions of pounds, and happened regularly.  To paraphrase,

“...basically, traders transact deals, each using their own…


Added by Paul Wallis on June 14, 2012 at 5:04 — No Comments

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