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Five ways insurance is breaking with tradition

In Article Library by Ian Fraser

By Ian Fraser Published: The Times Date: 14 June 2017 Insurance is an industry steeped in tradition and breaking free from long-established practices has proved a sometimes painful process POWER OF ACTUARIES Actuaries may have long been the butt of jokes, but they also have traditionally taken many of the top …

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Fred Goodwin: laughing all the way to the golf course

In Article Library by Ian Fraser

By Ian Fraser Published: Daily Record Date: 7 June 2017 It has been one of the longest, most tortuous and expensive legal processes in British history, taking nine years and costing in excess of £190 million in legal fees. The outcome – an out-of-court settlement between investors and the bank …

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London looks set to take the hit from hard Brexit

In Article Library by Ian Fraser

By Ian Fraser Published: The Times Date: 30 May 2017 Hard Brexit would cost the financial services sector and UK economy dear as firms lay plans to relocate thousands of jobs elsewhere in Europe Lloyd Blankfein, chief executive of Goldman Sachs, warns that the City of London “will stall” and see …

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EU directive to change banking forever

In Article Library by Ian Fraser

  By Ian Fraser Published: The Sunday Times Date: 23 April 2017 A European Union directive, aimed at improving customer service, is set to open up banking by making data held by banks available to third-party companies For centuries banks have enjoyed an almost exalted status. Governments and regulators have …

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Where the smart money went in 2016

In Article Library by Ian Fraser

By Ian Fraser Published: The Sunday Times Date: 12 February 2017 They may be surprise winners, but there are always hidden gems to be found in world markets. Here are five… 1. BITCOIN Bitcoin, the decentralised digital currency launched in 2009, gained 126.2 per cent against the US dollar last …

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Mafioso bankers and my part in their downfall

In Article Library by Ian Fraser

By Ian Fraser Published: Sunday Herald Date: 5 February 2017 ON Thursday, two bankers and four consultants were jailed for their part in a £245 million loans scandal which caused the destruction of up to 200 viable small-business customers of the bank HBOS, and is thought to have caused losses …

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Regulating the finance sector post-Trump

In Article Library by Ian Fraser

By Ian Fraser Published: The Sunday Times Date: 22 January 2017 Maintaining stability within the global banking system looks set for further adjustments as the levers of America’s financial sector are changing hands Financial regulation is about to enter a whole new era. The incoming administration of President-elect Donald Trump has …

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We’ll all pay for this short-sighted Budget

In Article Library by Ian Fraser

By Ian Fraser Published: Scottish Daily Mail Date: 16 December 2016 Scotland’s finance secretary Derek Mackay was stumped during a recent Parliamentary committee meeting in the Holyrood parliament. The tax that replaced stamp duty, the Land and Buildings Transaction Tax, which upmarket lawyers and estate agents say has killed the …

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Top issues keeping CFOs awake at night

In Article Library by Ian Fraser

By Ian Fraser Published: The Times Date: 6 December 2016 Being responsible for an organisation’s finances is stressful enough, but there are a number of issues which may cause chief financial officers to lose sleep 1. APPRENTICESHIP LEVY Many chief financial officers view the apprenticeship levy, which debuts in April …

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Shambles over Sturgeon’s China deal is damaging Scotland

In Article Library by Ian Fraser

By Ian Fraser Published: Scottish Daily Mail Date: 9 November 2016 The unravelling of what has become known as the “Scottish shambles” isn’t just a huge embarrassment to Nicola Sturgeon and the Scottish government. It also potentially wipes out a £10 billion programme of investment in Scotland’s infrastructure and may …

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It’s time the Crown Office reopened its Royal Bank inquiry

In Article Library by Ian Fraser

By Ian Fraser Published: Daily Record Date: 12 October 2016 The former Lord Advocate, Frank Mulholland, said in May that, after a five-year probe, there was “insufficient evidence” to charge RBS executives over their stewardship of the bank. However, the Crown Office said its investigation could be reopened should fresh …

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Making it happen

In Article Library by Ian Fraser

By Ian Fraser Published: Bella Caledonia Date: 11 October 2016 We all know that the Royal Bank of Scotland went rogue under Fred Goodwin. What was less clear – until yesterday anyway – was that, eight years after it was saved from oblivion thanks to Gordon Brown and Alistair Darling’s …

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Europe’s future: Whatever it takes

In Article Library by Ian Fraser

By Ian Fraser Published: The Treasurer Date: 1 March 2016 Policymakers in Brussels and within European parliaments still face turbulence as they endeavour to encourage growth and restore unity. Treasurers are more sanguine, but likewise treading carefully. Ian Fraser reports Back in July 2012, after a turbulent period when the …