Comments on: Limited Purpose Banking using Mutual Funds to replace banks http://thebankwatch.com/2009/12/02/limited-purpose-banking-using-mutual-funds-to-replace-banks/ Tracking the evolution of financial institutions Wed, 15 Feb 2012 16:44:07 +0000 hourly 1 http://wordpress.com/ By: Colin Henderson http://thebankwatch.com/2009/12/02/limited-purpose-banking-using-mutual-funds-to-replace-banks/#comment-28668 Fri, 11 Dec 2009 07:48:58 +0000 http://thebankwatch.com/?p=3967#comment-28668 While I agree with the sentiments relative to Banks, this new model would be different … ie not banks, at least not as we know them today.

]]> By: deborah nixon http://thebankwatch.com/2009/12/02/limited-purpose-banking-using-mutual-funds-to-replace-banks/#comment-28664 Tue, 08 Dec 2009 18:55:35 +0000 http://thebankwatch.com/?p=3967#comment-28664 Agree with this model. However, the average person will never comprehend this so transparency, plain language and openness is key. Otherwise, easy for smoke and mirrors. And regulators are key.

However, in the securities sector where the Chinese Wall supposedly exists, much takes place off hours. After all, the club is small and exclusive and much conversation takes place on the golf course, over dinners, and at after work drinks.

So besides structural change, it is key to look at recruitment and selection. Are the banks changing their hiring model and adjusting personal qualities to reflect the public sensitivity to the cavalier attitudes of many in the industry. Structure only goes so far. Attitude takes us the rest of the way.

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