Post by Category : In the news

Skadi Limited Supports GB Athlete Tom Bosworth

Skadi Limited is pleased to announce support for GB Race Walk Champion Tom Bosworth. During his preparation for the Rio de Janeiro Olympics, Tom has laid down some important markers. Tom holds the British records for 3000m, 5000m, 10km and last month smashed the 28 year old British record for 20km. The distance he will represent Great Britain for in Rio de Janeiro.

Conduct Risk: Compensation

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

It’s the time of year when the compensation for Financial professionals is brought sharply into focus. Regulators are driving for compensation to be linked to long term profitability and conduct, recognising that hard pay out structures and incentive schemes may encourage short termism. However significant gap risk persists. Sell side staff increasingly find that their compensation is pushed further down the line, with lengthy vesting periods, and the threat of claw backs to pay should staff be found guilty of wrongdoing (malus).

GB race walk champion @TomBosworth introduces young athletes to the sport with Skadi Limited’s help

Tom Bosworth has his sights set on a top 10 finish at the Rio de Janeiro Olympics. In order to achieve that Tom is looking for funding to allow him to train full time. Skadi Limited made a contribution last year through Talent Backer to help Tom focus full time on training. By way of thanks Tom kindly offered to give the young race walkers at Blackheath and Bromley Harriers AC some coaching.

Courtsiders at Tennis – why not the financial markets?

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

Hold the algorithms! Fraud risk is high!

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

It sounds somewhat cliched to say that banks are undergoing significant change, nevertheless we are told that HSBC is considering its UK position, Deutsche Bank is undergoing reorganisation, Mizuho has purchased a $3bn loan portfolio from RBS and taken on board 130 US staff. Standard Chartered is experiencing a significant number of managerial departures within its Middle East Franchise. Meanwhile JP Morgan has caught headlines by revealing it is introducing an algorithm which can anticipate rogue employees.

Equity research under pressure #research #bankculture

William Vincent, Senior Consultant, william.vincent@skadilimited.com

UBS has been caught up in a political row in Australia after it produced a research report on the privatisation of a New South Wales electricity utility, a deal in which it is acting for the seller. What happened is that UBS put a report entitled “Bad for the budget, good for the State”, then changed the title to, simply, “Good for the State”. The opposition Labor (sic) party is claiming that this was the result of direct interference from the ruling Liberals.

Issuance Issues #bankculture #issuance

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

The Big Boy Defence #bankculture

Nicolas Corry

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

Press reports of the deal Standard and Poors have reached with Federal and State Agencies shines a light on the challenge faced within the Financial Industry to bring about cultural change. Paul Barrett writing for Bloomberg describes one of the defences S&P’s lawyers used early in the case, making the blunt observation: “The company said that its claims to objectivity and independence were “mere puffery,” the sort of marketing blarney that sophisticated investors don’t believe.”

Control staff urged to consider secondary effects of Swiss National Bank move #traderfundingrisk #CHF

Nicolas Corry

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

Skadi Limited releases trader funding alert #traderfundingrisk

Nicolas Corry

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

On Monday, the Russian Central Bank took bold action, raising interest rates by the most in 16 years. Elsewhere around the Emerging Markets risk premia rose, with a knock on effect to volatility. Interest Rate rises of this kind were witnessed in 1997 and 1998 when Central Banks’ sole objectives were stabilising currencies. What gives us grave concern is that Trader Funding Risk remains, in our eyes, a risk for many banks.