Letter to the European Commission re LSEG-DB1 Merger
2 November 2016
The Team of Margrethe Vestager
European Commission
...
Letter to the Financial Times ... that they didn't publish
(Sent via email to the FT on 25 April 2013)
Sir, The mini-crash induced...
The LSE’s retail bond deal: why shareholders should sharpen their pencils, and then their knives
Last month the LSE issued a £300 million retail bond paying 4.75% interest for 9 years. The borrowing would, they said, “increase facility headroom”...
LSE and LCH.Clearnet: yet another delay
31 October... TBC... 7 December.... Now, 14 December. The decision timeline keeps getting pushed back. The next steps in the LSE’s bid to control LCH.Clearnet...
The LSE and me: a Cautionary Tale for Sacked Staff Considering the Employment Tribunal
When they finally sealed the deal to control Turquoise, the LSE’s HR department sent a letter to terminate my contract as Turquoise CEO. That came as...
Obama's Wall Street Problem
Even if they love him, 99% of voters have to admit that Obama deserves to lose.
Simply put, President...
Do these analysts need analysis? This way to the couch...
The headline might have read, “Lex issues strong BUY recommendation on shares in the London Stock Exchange.” Did the Investor Relations Department, hoping...
Submission to the Office of Fair Trading
The following letter has been submitted to the OFT in response to their invitation to comment on matters in the public interest vis-a-vis the takeover...
Dear Mr Zuckerberg
Initial Public Offering? You run what may already be the most public company ever. With nearly a billion users, Facebook connects the world, people rich...
Payback Time
How really amazing is the clash between Judge Jed Rakoff and the Securities and Exchange Commission? For those of you who haven’t been following it,...
Clean up this Mess: Reach for the SoAP !
Congratulations to the Occupy movement and the many decent individuals who have participated in it, peacefully, with courage, commitment and sacrifice....
Tobin Tax Misses the Mark
The debate rages over the Tobin Tax which would place a surcharge on financial dealings. Proponents point out the fairness of such a tax on market players,...
ABCs of Politics: Addicted to Banker Cash
Should we be surprised that Sarbanes-Oxley did nothing to prevent the irresponsible behavior of banks in the run-up to the credit crisis? Or that Dodd-Frank...
Thank you, Jon Corzine
In defense of the former CEO of MF Global, he did just what he said he would do: turn MF Global into Goldman Sachs.
...
Blunder Stock Exchange - Systems Upgrade
The Blunder Stock Exchange today announced a systems upgrade that establishes it as the fastest trading market in the world. With so-called order execution...
MF Global, LCH and the LSEG
The collapse of MF Global serves a timely reminder of the importance of infrastructure for clearing and settlement. While it will take time to sort through...
To the Next Bailouts, Attach Chains
Among the more vapid criticisms leveled at the Occupy Wall Street movement is that the protesters have not prescribed remedies for society’s ills. They...
Inspire Bank Regulators with a Drug Experience
How to prevent the next debacle in financial markets? The debate continues but little substantive action has been taken to prevent a systemic relapse....
Reform or Regret
The equity (stock-oriented) and debt (bond-oriented) departments of investment banks have long, colorful histories that track the development of modern...