> patio11 is the best resource that I'm aware of to understand how our institutional world works.
As a former CTO for the Americas region of one of the world's largest banks', which owns consumer banks and divested one recently, I couldn't comment here on the prior article that he's writing about, but I have linked this particular patio11 discussion to a few people.
Take from that what you will.
// Caveat: @patio11 has published some takes this year that are less forwardable (mostly asserting reasons or rationales for things that ring true at several layers down in a bank, but are not actually what's at play). I suspect it's partly from the level or siloing of who he's interacting with, and partly from the nature of some types of banks he may have spent more time with, rather than other types of banks, such as G-SIFIs:
That said, industry executives interested in improving things would do well to read all of it, because "perception is reality", as seen by @patio11 through a different lens than usual.
Even if differently attributed, you can likely derive what you'd need to work on to alter that perception, leaving your bank the better for it.
As a former CTO for the Americas region of one of the world's largest banks', which owns consumer banks and divested one recently, I couldn't comment here on the prior article that he's writing about, but I have linked this particular patio11 discussion to a few people.
Take from that what you will.
// Caveat: @patio11 has published some takes this year that are less forwardable (mostly asserting reasons or rationales for things that ring true at several layers down in a bank, but are not actually what's at play). I suspect it's partly from the level or siloing of who he's interacting with, and partly from the nature of some types of banks he may have spent more time with, rather than other types of banks, such as G-SIFIs:
https://www.fsb.org/work-of-the-fsb/market-and-institutional...
That said, industry executives interested in improving things would do well to read all of it, because "perception is reality", as seen by @patio11 through a different lens than usual.
Even if differently attributed, you can likely derive what you'd need to work on to alter that perception, leaving your bank the better for it.