My tweets on 2010-02-10
- @Chris_Skinner nice one on R4 this AM, surprised BBC weren't more interested in the tax avoidance angle though in reply to Chris_Skinner #
- @khartmoney couldn't they just buy Greece instead? Some sort of buy-out to return it to private ownership? in reply to khartmoney #
- RT @giyom RT @ibankup: Christine Romans on CNN: Americans paid more last year in bank overdraft fees than for buying fresh vegetables. #
- RT @newsbrooke Does the Met #Police really have 74 people to deal with media in the Directorate of Public Affairs. http://bit.ly/d9YEjx #
- @JPBarlow no, engineering is the art of making things _just_ work in reply to JPBarlow #
- Off to the Treasury today, so naturally I'm taking a spare shirt. #
- @williamheath scrap ContactPoint. Can I have my cheque please. in reply to williamheath #
- Chaos at Waterloo Jubilee entrance. Police dogs lovely though, spaniels. #
- Here I am: http://maps.google.com/?q=51.501008%2C-0.128172 (at the Treasury, no sign of the loot anywhere) #
- Security level "heightened", they know there are taxpayers in the building. #
- Can anyone here speak Dutch? What does this say http://bit.ly/9CvsIX #
- Only a month until the Digital Money Forum in London, book now to avoid disappointment http://bit.ly/73cY8Y #
- Fascinating stuff about identity here. Polish migrant: HSBC wouldn't let me open a savings account but they wanted me to have a credit card. #
- Whoa! Brazilian migrant: "I got a bank account for £150 from a guy who pays someone who works at Barclays Bank" #
- @socialtechno Unintended but entirely predictable in reply to socialtechno #
- This is unbelievably interesting: learning about Turkish community "Gold Days" (informal credit circle that uses gold instead of currency) #
- @diane1859 yes will blog later in reply to diane1859 #
- Hearing about five Ugandans sharing bank account so they can work: no account, no minimum wage job, they don't care who you _really_ are #
- Happy to hear a number of people praise M-PESA, naturally too modest to mention Consult Hyperions role as Vodafone's consultants #
- Financial inclusion task force says that banks have problems: image, cost, slow (days rather than minutes for Hawala) and "SWIFT-based" #
- UK has 2800 money transfer operators (now much competition do you need) but average weighted transaction cost is still 9.55% #
- @sirbonar What is CEOP? It's something to do with water http://bit.ly/dqEsga #
- @diane1859 Many of operators are what they are classifying as "Ethnic MTAs" that only deal with very specific corridors, so you're right in reply to diane1859 #
- Leon Isaacs says that agent business model is expensive (as is bank model) so need new technology (ie, mobiles) #
- Money transfer operators biggest cost is staff, followed by bank charges (regulation and compliance only 2-10%) #
- Cost of cash is "crucifying" money transfer business (they say) and cost of cards is prohibitive (need £100K deposit to start taking cards) #
- I had to ask (Brian Pomeroy is chairing) why successful money transfer schemes (eg, G-Cash, M-PESA) haven't come from the banking sector #
- Somalis sending money from UK to family in Kenyan refugee camp can do it in two hours by hawala, months (if at all) by banks #
- I will Brian if he will accept questions by Twitter if you like! #
- @diane1859 yes!! you have ESP (economist's sense perception) in reply to diane1859 #
- Someone in the audience just said that the payments part of banks is almost entirely unrelated to the accounts part of banks #
- @sirbonar Make sure the kids add "Busters World" to their Microsoft Explorer bookmarks, as recommended by DirectGov http://bit.ly/c7DVr5 in reply to sirbonar #
- South African experience: improving the regulatory environment did translate into new services for consumers #
- Learning about mzansi in South Africa, a "basic bank account" product for financial inclusion, basically a commonly-branded Visa Electron #
- @adriana872 Why didn't you like Virtual Revolution? in reply to adriana872 #
- RT @nfcw: #NFC China says stuff your NFC, we're going to have our own http://bit.ly/9Owcfm #rfsim #china #contactless (via @dngusev) #
- Barclays say that service to India is poor because India has a "document intensive" process. #
- Barclays new NRI service: transfers from UK bank account to Indian bank account are free, except for £1 tax charged by Indian govt. #
- @charlesarthur Oooh oooh ooh new lapops please let it be new laptops please I was going to order one yesterday and forgot in reply to charlesarthur #
- @ruskin147 keep the kids away from Direct Gov http://bit.ly/c7DVr5 in reply to ruskin147 #
- @stevebeec "culture / strategy to reduce worklessness" we should do it here! ban electronic funds transfer and go back to messenger boys! in reply to stevebeec #
- RT @diane1859: Loved this article on what school is for – learning, not organic gardening http://twurl.nl/vzx1mg (fabulous writing) #
- HSBC customers opening basic bank accounts (BBAs) were largely Eastern European, spurred dev. of "Passport" product http://bit.ly/bz2s49 #
- Oh dear. I think I may have got myself into trouble by ranting on about separating payments from banks, transactions from relationships #
- Someone just pointed out that migrants and the poor work in cash, we should work on making cash cheaper. But how? That's not a way forward. #
- Dear everyone in the room: I said "no KYC, no AML" for small transaction not "no security, no authentication" they are different things #
- Banks make 1% on remmittance trans (average $200) but face $100m in legal fees and $1 billion in fines if they get it wrong. Not worth it. #
- Very sensible and measured comments from Paul Smee, head of Payments Council (and Forum friend http://bit.ly/bmzl4R) #
- David Lewis, Head of AML, Financial Crime Team, HM Treasury: UK is not a "free agent", we have to comply with FATF, EU etc etc #
- David Lewis, Head of AML, Financial Crime Team, HM Treasury: deregulating small transactions would be "too dangerous" #
- David Lewis, Head of AML, Financial Crime Team, HM Treasury: 2% of UK GDP is laundered #
- David Lewis, Head of AML, Financial Crime Team, HM Treasury: they just arrested someone in New Delhi who could move $2 billion per annum #
- David Lewis, AML Tzar: "situation with regard to high denomination notes will improve shortly" what does he mean? will ask at tea break. #
- @sjl That's it? No new laptops? in reply to sjl #
- Money laundering is apparently a bigger (and presumably more profitable) business in UK than agriculture (and both are conducted in euros) #
- John Maynard from Vodafone talking about M-PESA http://bit.ly/9PUdzt and intl remittance pilot with WU #
- Just checked: 58% of the euros in circulation are €100, €200 and €500 notes (none of which I have ever seen: ATMs only give €20 and €50) #
- Michael Whyte from SWIFT says that it can now do cash-to-cash transactions and even top-up mobile phones. Cool. 37 banks have signed up. #
- @david_bott the horse's mouth, so to speak http://bit.ly/aUgWsF in reply to david_bott #
- @HanTot what do you use them for? in reply to HanTot #
- Shall I ask SWIFT about Thursday's upcoming decision on transaction reporting to US? #
- Good strong answer from SWIFT: we have to live with whatever the regulators decide, but either way we'll get more transparency #
- PayPoint: agent model, retailers get fee of about 1.5%, overall fee is about 10% #
- @newsbrooke what is the "allegation that must not be repeated"? There was no URL in the story. in reply to newsbrooke #
- @dgwbirch sorry, found it, just needed to learn to google properly in reply to dgwbirch #
- Celebrities calling for Robin Hood tax on banks. Me calling for Robin Hood tax on celebrities. Which tax is better? Only one way to find out #
- Yet another blog post at http://bit.ly/92ACWO this time it's "Only five more years?" #
- @N_Hickman "who = brian, what = questions via twitter" Oh, sorry to be so thick! Brian = Brian Pomeroy , he was chairing at Treasury today in reply to N_Hickman #
- @adamshostack Or a tax on hoodies, the scourge of our nation, to pay for celebrities bank accounts in reply to adamshostack #
- No.2 son came home from tennis lesson with a "fastest serve" certificate. #
Powered by Twitter Tools
Tags: Tweets
[...] in all, I have to say that it was an excellent event (if my volume of tweets is any measure!) and my main conclusion was that I think we need to strengthen the concept of [...]