7)    I wish that as Basel III is implemented bankers can keep calm and carry on. While the worlds bankers have been attempting to recover from the financial crisis, while dealing with massive criticism from politicians and the public and managing the effects of several scandals, they are about to be hit with a substantial new regulatory regime in the form of Basel III, which comes into effect in 2013.

This is my third New Year’s Wish: 3)    I wish that the new financial regulations would actually benefit the people they are supposed to. One difference between 2012 and 2013 is that the new rules under Dodd-Frank and EMIR will now begin to bite. The uncertainty of 2012  is ending as we start  to see the result of the implementation of the hundreds of detailed rules Right now it’s impossible

This guest post is written by Matt Streeter, Product Manager of F3 at FINCAD. It is surely a daunting task to be the key decision maker at any organization and I’d wager it’s a whole lot more complicated at JP Morgan Chase. I certainly wouldn’t be envying the backpedaling and reshuffling that the Executive has had to do as of late, following the disclosures around the multi-billion dollar trading losses.

The chickens are still coming home to roost; it better be a big coop. It’s been over three years since the failure of Lehman Brothers caused the devastating credit crunch that saw banks refusing to lend to other banks; legitimate companies unable to refinance maturing commercial paper and an almost grinding halt to the economies of the developed world. Yet, the bad news refuses to end. After months of anticipation