Comments on: One way innovation will occur in banking http://thebankwatch.com/2009/01/12/one-way-innovation-will-occur-in-banking/ Tracking the evolution of financial services Sat, 26 May 2012 18:05:32 +0000 hourly 1 http://wordpress.com/ By: Refounding Finance « Frederic Baud http://thebankwatch.com/2009/01/12/one-way-innovation-will-occur-in-banking/#comment-26603 Mon, 12 Jan 2009 11:45:04 +0000 http://thebankwatch.com/?p=2849#comment-26603 [...] debate is currently moving on the terms of a longer term solution (see posts in Javelin Strategy or The Bankwatch for example). And there, things do not look good [...]

]]> By: FredericBaud http://thebankwatch.com/2009/01/12/one-way-innovation-will-occur-in-banking/#comment-26602 Mon, 12 Jan 2009 10:19:29 +0000 http://thebankwatch.com/?p=2849#comment-26602 Colin,

I believe that we are at a stage where we should definitely prevent misguided regulation to crush innovation. The SEC or the heads of actual banks do no seem like the right persons to devise an appropriate answer for the entire community. We certainly need a more bottom-up approach to look for the right solution.

I believe it goes even further than that. There are deep flaws in some parts of the financial system and we should be prepared to rebuild them from the ground up.

I believe we should start to think in the terms of “Refounding Finance”.

People interested in this discussion – and many other themes concerning innovation in banking and finance – should join us for our BarCampBanks in London on Feb 14 – http://barcamp.org/BarCampBankLondon2 – and in San Franscisco on Apr 25 – http://barcamp.org/BarCampBankSF2 .

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