• Post Graduate Program in Business Management with NMIMS
    Co-created with NMIMS
    4.8 out of 5 by 6071 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.8 out of 5 by 534 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.5 out of 5 by 526 learners
    4X industry demand
  • Banking And Wealth Management Bootcamp
    4.7 out of 5 by 460 learners
    3X industry demand
  • Post Graduate Program In Capital Markets
    4.7 out of 5 by 807 learners
    3X industry demand
  • Certified Investment Banking Operations Professional
    4.8 out of 5 by 7600 learners
    8X industry demand
  • Post Graduate In New Age Banking
    4.6 out of 5 by 1726 learners
    4X industry demand
  • Financial Analysis Prodegree
    Co-created with KPMG
    4.7 out of 5 by 3311 learners
    4X industry demand

A recent article in the Telegraph criticizes  George Osborne’s new banking reforms by saying that that while the remedy might be correct it is in fact targeting the wrong ailment. By focusing the new reforms on Investment Banks,  from the Telegraph argues that Osborne is missing the wood for the trees since it was retail banks that are to blame for the crisis. Excerpt from the article

” His promise to insist on an “electric” ring-fence for retail banks when the parent company also owns an investment banking operation is, of course, expressed in language which is largely incomprehensible to the layman. Essentially, ring-fencing is the practice of assigning specific reserves to a specific portion of a bank’s business. The idea is that if a bank fails because of losses in the investment bank, the assets against which retail deposits are held are protected and are not used to pay investment banking creditors. Electrifying this arrangement simply means punishing banks who flout the rules, iIn this case by empowering the Bank of England to break them up.
There are solid reasons for doing this, but its aim is to prevent a repeat of the last crisis, and in this regard it is a failure. It was retail banking, not investment banking, which was responsible for the carnage in the global economy. The sub-prime loans bundled and sold and bet on by investment banks all originated as bad loans made by retail banks.” 

Read the article here 
Imarticus Opinion: Harish Thakkar says,

It’s difficult to pin point whether retail or Investment banking caused the crisis and any debate is a futile one because hindsight is always twenty-twenty.  No business is bad until quality is compromised. Retail Banking businesses compromised on the quality of loans for better bottom lines – Read Profit. Investment Banks created products and traded at uncontrollable leverages , for the same thing – Read PROFIT. While risk should perhaps be the most important word in the world of banking, it still seems to lag behind the word “Profit” . Crisis is caused when Profit matters far more than quality of business.  So I would blame neither retail banking nor Investment Banking; I would blame it on “Excesses”.
 
 

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Placement Program
    Post Graduate Program in Business Management with NMIMS
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 6071 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    ONLINE Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • Certification
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 534 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    ONLINE Online
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by 526 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    13th February ONLINE Weekend
    Date Location Schedule
  • Certification
    Banking And Wealth Management Bootcamp
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 460 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    30th January LUCKNOW Weekend
    Date Location Schedule
  • Post Graduation
    Post Graduate Program In Capital Markets
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 807 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Online
    Date Location Schedule
  • Certification
    Certified Investment Banking Operations Professional
    Course duration(Months)
    2-3
    Upcoming batches
    10
    Organizations enrolled
    20
    4.8 out of 5 by 7600 learners
    8X industry demand
    Upcoming Batches
    Date Location Schedule
    17th January PUNE Weekend
    23rd January MUMBAI Weekday
    30th January LUCKNOW Weekend
    13th February PUNE Weekend
    5th March BANGALORE-KORAMANGALA Weekday
    Date Location Schedule
    5th January BANGALORE-KORAMANGALA Weekday
    23rd January MUMBAI Weekend
    4th February BANGALORE-KORAMANGALA Weekday
    20th February BANGALORE-KORAMANGALA Weekend
    13th March ONLINE Weekend
  • Post Graduation
    Post Graduate In New Age Banking
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1726 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    None ONLINE Online
    Date Location Schedule
  • Prodegree
    Financial Analysis Prodegree
    Co-created with KPMG
    Course duration(Months)
    3
    Upcoming batches
    5
    Organizations enrolled
    20
    4.7 out of 5 by 3311 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    23rd January ONLINE Weekend
    20th February BANGALORE-KORAMANGALA Weekend
    13th March ONLINE Weekend
    Date Location Schedule
    23rd January MUMBAI Weekend
    27th February DELHI Weekend