London Banker has been a central banker and securities markets regulator during a varied and interesting career in global financial markets.

Ideas and observations are welcome either in the comments or by e-mail.

The name 'London Banker' had especially a charmed value. He was supposed to represent, and often did represent, a certain union of pecuniary sagacity and educated refinement which was scarcely to be found in any other part of society.

- Walter Bagehot, Lombard Street, 1873

http://www.econlib.org/library/Bagehot/bagLom10.html

Recent Blog Posts by London Banker

• For Want of a Nail, the Ship Was Lost July 22nd, 2012
• Lies, Damn Lies and LIBOR July 10th, 2012
• ‘Heads I Win, Tails You Lose.’ May 29th, 2012
• Your Bank: Fiduciary or Predator? March 14th, 2012
• FSA Regulation: Complexity Costs March 6th, 2012
• Greece – Cutting Out the Middle Man February 7th, 2012
• Survivor Bias and TBTF Tyranny January 26th, 2012
• Banks Are Lawless Dictators? Whose Side Are the Police on? December 13th, 2011
• Why I Oppose Financial Stability December 8th, 2011
• Dexia, Mafia and Revolution October 11th, 2011
• Transaction Taxes and Transparency September 29th, 2011
• Testimony of Marriner Eccles to the Committee on the Investigation of Economic Problems in 1933 September 29th, 2011
• Testimony of Marriner Eccles to the Committee on the Investigation of Economic Problems in 1933 September 26th, 2011
• EU Finance Ministers Find Unity on One Point: ‘Deficit Attention Disorder’ September 18th, 2011
• Liquidity, Bank Capital and Market Reform September 2nd, 2011
• Protect the Bondholders? July 1st, 2011
• Concentration, Manipulation and Margin Calls May 26th, 2011
• ‘You Can’t Build a Car with 97% of the Parts’ March 22nd, 2011
• Inflation and Deflation Revisited March 18th, 2011
• Insurance and Banking: Risk, Resiliency and Harmonization March 3rd, 2011
• Mervyn King: From Bagehot to Basel, and Back Again February 11th, 2011
• Egypt, China and Famine Futures February 2nd, 2011
• Embracing Accountability – Starting Right Here (Part 1) January 20th, 2011
• More on the Lunacy of the Basel Accords December 19th, 2010
• The Truth About Sovereign Defaults and Bank Capital December 13th, 2010
• Deflation has become inevitable December 12th, 2008
• What We Value Is What We Save In a Crisis November 28th, 2008
• Dollar Strength Sustainability November 21st, 2008
• Systemic Risk, Contagion and Trade Finance – Back to the Bad Old Days November 14th, 2008
• The Fed doubles its balance sheet – above $2 trillion in just 5 weeks November 7th, 2008
• Byways and Tribal Capitalism November 1st, 2008
• We had to burn the village to save it October 17th, 2008
• Turbulence and Trends October 10th, 2008
• Financial Eugenics: The Paulson Plan for Survivor Bias October 3rd, 2008
• Learning from Rudi Bogni: The Thin Space of Financial Activity September 26th, 2008
• “Non-Reviewable” – Sometimes there really ARE conspiracies September 20th, 2008
• The Unitary Federal Reserve – Crisis Choreography September 19th, 2008
• Ring Fences, Rustlers and a global bank insolvency September 12th, 2008
• Weaning the banks off the Old Lady’s teat September 5th, 2008
• Is the FDIC another troubled monoline? August 29th, 2008
• Optimism in Dubai and Johannesburg August 22nd, 2008
• Insider Dealing or Insiders Scheming? August 15th, 2008
• Snake Oil and Deflation August 8th, 2008
• Fisher’s Debt-Deflation Theory of Great Depressions and a possible revision August 1st, 2008
• What’s up with the covered bond push? July 25th, 2008
• Equitable, Inequality and Iniquity July 18th, 2008
• More CCCP Than CCP – Danger of a Rigged OTC Casino July 11th, 2008
• A Baltic Travelogue of Little Importance July 4th, 2008
• Rosy Scenario and Her Ardent Suitors June 27th, 2008
• State and Local Finance and the Storm Surge of the Housing Bust June 20th, 2008
• Don’t Mention The War! June 13th, 2008
• Reforming the Welfare State – Reagan and Obama June 6th, 2008
• Famine Futures: Deregulated Markets and Food Insecurity May 30th, 2008
• Capital-ist Economies to Capital-less Economies May 23rd, 2008
• Looting the Vaults at the Central Banks May 15th, 2008