Author Archives: Dr. Guru Raghavan
It is wrong to attribute financial crises to innovation
Blaming the financial innovation for the recent financial crises was the least thing I expected from a person none other than Lord Turner, Chairman of the Financial Services Authority of the UK. (Financial Times 16th Feb 2010)
In his speech...
UniCards and eKards
Setting
At present, banks issue separate credit cards and debit cards to their chosen customers. If a customer were to bank with three different banks (which is the ‘normal’ thing these days), the customer would end up holding six different...
Mobile cards in the place of plastic cards
You may agree, anything connected with mobile instrument is virtually a craze in the market place.
It all started with mobile phones. They almost killed the thriving landline or fixed phone industry. Even today the landline/fixed phone industry...
eChecks to replace paper checks
Setting:
In Dec 2009, UK’s Payments Council has decreed that Cheques will be phased out by October 31st 2018 as paper cheques are in long term terminal decline. The Council has decided the time is ripe for the economy as a whole to reap...
Banks’ development and role of technology
Well. That was the topic of the IDRBT Foundation Day Lecture 2011 delivered by Dr C Rangarajan, former Governor of Reserve Bank of India and present Chairman, Advisory Council to the Prime Minister of India on 28th November 2011 at the sprawling...
Unconventional thoughts
I sympathize with the present day inventors who claim great inventions. Their so called great inventions do not see the light of the day, after they announce over the media. I have some questions to ask.
– What went wrong with such inventors...
Trends in Risk and Margin
Any activity is associated with risk – a loss or gain. Financial risk management is not about avoiding risk. Rather, it is about understanding and communicating risk, so that risk can be taken more confidently and in a better way. (David Koenig,...
Of Banks and Bankers
Like other business, banks exist to acquire and use assets so that the value of their benefits exceeds their costs.
Their basic functions are – borrowing and lending, price determination, information aggregation and co-ordination, risk sharing...
Fundamentals and basic instincts drive FX Markets
Bank for International Settlements, Basel, Switzerland conducts triennial central bank survey on foreign exchange and derivatives market activity. The last such survey was conducted in April 2010. As per the findings of this survey, Global Foreign...
Financial Technology Assets Monetization
I recall with pride the ‘commencement’ of my banking career as an apprentice under the legendary Indian Foreign Exchange Banker Mr. Anthony Silveira in the correspondent banking section attached to the International Division of my former...
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