On Tuesday, 5 May 2015, Bank of Canada Senior Deputy Governor Carolyn Wilkins will speak before the Board of Trade of Metropolitan Montréal.
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On Tuesday, 5 May 2015, Bank of Canada Senior Deputy Governor Carolyn Wilkins will speak before the Board of Trade of Metropolitan Montréal.
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I’m having so many conversations about so much stuff that my head is spinning these days. Fintech, digital, transformation, change … it seems to be on the lips of everyone I meet. Yet the one thing that stands out is that it’s not necessarily happening.
This was brought home to me as I sat on a panel discussing the World Retail Banking Report, which was released by Cap Gemini this week. The report has tracked retail banking trends for the past seven years and you can get a free copy of this year’s report here. What is interesting is that this year found three clear trends:
This speaks volumes and just reinforces the view that:
As one seasoned banker put it to me yesterday: “I worked for a bank for 25 years and saw it grow from $2 billion assets to $100 billion. Now, they just keep adding and messing about with the same products they had 10, 15 years ago. Instead of rethinking the business, they’re playing with it, and that just won’t wash.”
I guess it really comes down to having built a bank for the last quarter century that was based upon physical distribution of paper in a localised network, which leading CEO has the balls to turn around today and say: “I’m going to knock all that down and start again”.
If you know of one, let me know as that’s the bank I’d like to work for.
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On Tuesday, 28 April 2015, the Governor of the Bank of Canada, Stephen S. Poloz, will appear before the House of Commons Standing Committee on Finance. He will be accompanied by Senior Deputy Governor Carolyn Wilkins.
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In a speech on Thursday, Boston Fed President Eric Rosengren noted that the Federal Reserve’s policy committee in March provided two conditions for raising short-term interest rates. First, the policy statement indicated that the Federal Open Market Committee needs to see further improvement in the labor market. Second, the Committee needs to be reasonably confident that inflation will move back to its 2 percent objective over the medium term.
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On Monday, 20 April 2015, Stephen S. Poloz, Governor of the Bank of Canada, will participate in a panel discussion at the Bloomberg Americas Monetary Summit.
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The Federal Reserve Bank of Boston today announced the appointment of Donald L. Anderson to Senior Vice President in charge of the Bank’s business technology and building management functions. Don is currently the Vice President responsible for the group that provides the Federal Reserve System with services in the areas of cybersecurity, network security, and secure Internet connectivity.
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Release of the Monetary Policy Report – (Audiocast) Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins. (11:15 (ET) approx.).
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Release of the Monetary Policy Report – (Videocast) Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins. (11:15 (ET) approx.).
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On Wednesday, 15 April 2015, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.
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The Spring issues of the Business Outlook Survey and the Senior Loan Officer Survey will be released on Monday, 6 April 2015.
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