Hello everyone,
An Headlink-Partners selection of articles (in English and in French) from last week on Capital Markets, Asset Management and more.
Enjoy!
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Capital Market
- Decreased market liquidity here to stay (that’s the dominant feeling within Asset Managers and Asset owners. It will deeply impact the way to execute trades)
- Derivatives regulation generates boom for some (trade compression is expanding quickly to reduce CIBs costs and the size of trading books)
- Euronext lance une nouvelle plateforme obligataire (voilà qui fait écho au précédent article. Des initiatives se lancent peu à peu pour améliorer la liquidité notamment sur des marchés traditionnellement OTC)
- Paris en tête des places financières les plus attractives en Europe selon Paris Europlace (l’opération séduction pour attirer les établissements financiers suite au Brexit se poursuit)
- L’impact des nouvelles règles de Bâle sur l’économie européenne (le lobbying des banques européennes bat son plein pour que Bâle IV ne remette pas en cause notre modèle de financement de l’économie par les banques)
- 83000 City jobs could disappear if the EU takes a hardline post-Brexit (and more and more UK financial institutions guarantee to their clients a shift to EU entities if a hard Brexit occurs)
Asset Management and Private banking
- Asset Managers begin shift to strategy of less index, more brain (back to picking even for Fixed Income. That’s the only solution to differentiate from passive strategies)
- The Uber moment of Asset Management just ahead (Digital + Passive funds = zero fee funds in the coming years?)
- Morgan Stanley robo-adviser a future redefined? (interesting proof of concept with algorithms used by advisors to improve the accuracy of advice. The future of Private Banking for sure)
- UBS fait de Francfort la base de sa gestion de fortune en Europe (Londres a perdu la partie à cause du Brexit. L’intérêt de ce regroupement en termes de coûts en capitaux propres est également évident)
- Why closing bank branches isn’t a road to riches (branches increase customer stickiness and are still key for financial advice or mortgage)
Digital and Fintechs
- Fintech : le message de fermeté des autorités financières (les Fintech sont souvent très loin des standards réglementaires et devront massivement investir dans la Compliance à l’avenir)
- Why I hate banks more than any other organisation (Bureaucratic organisations combined with a partial Digital transformation created a crampy client experience)
- Bullshit jobs: how our modern bureaucracy created them
Management
- Don’t waste your time in networking events (networking is pointless, what you need is creating real and honnest conversations with your clients and business partners)
- Why Sales is the best first job (very true, it gives you confidence, good stress resistance and ability to push your ideas front to perfect unknown people)