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FS Focus

An archive of all editions of FS Focus.

Loosening the chains

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Securitisation provided a fast, effective and efficient highway for global finance before the crisis. It allowed large volumes of funding to be moved efficiently and quickly from the point where it was available to the point where it was needed.

Open-door policy

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Consumer credit firms that are open and upfront about how they do business in the interests of consumers are likely to get along fine under the Financial Conduct Authority’s (FCA) new regulatory regime.

The value of assurance

The multitude of high-profile investigations into regulatory breaches and cases of misconduct at financial institutions continues to undermine the public’s perception of how banks and capital markets companies are run.

The big picture

It may seem ironic that investors struggle to grasp banks’ full risk exposures despite the reams of granular data provided within annual and interim reports.

Defining fair

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The government has committed to improving the quality of governance for all defined contribution (DC) pensions as their membership grows through auto enrolment.

A perfect mixture

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It’s not often you can draw an analogy between banking and baking, but calculating risk weighted assets is a bit like making a cake. Tell three people to make a chocolate cake and you can end up with three different (but equally delicious) cakes.

presumed-guilty

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No bankers went to jail in the UK for causing the financial crisis and very few have faced regulatory sanctions.

because-im-worth-it

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Financial advisers should be able to look their clients in the eye and clearly articulate why their advice is worth paying for. This might not always come naturally, but it is an important test of how confident a firm is about the value of the services it offers and the sustainability of its business model.

Buying infrastructure

At a time of flux in global financial markets, the hunt for long-term, inflation-linked and sustainable yield is as challenging as ever.

Finger on the trigger

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In many ways contingent convertibles (Cocos) have the characteristics of an ideal financial security. In good times they behave like normal debt, generating tax benefits from interest deductions, but in bad times they convert into equity, avoiding the costs of financial distress.

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