Adrian Docherty Profile picture
Feb 15, 2021 19 tweets 3 min read
Should bank’s software investments be deducted from their regulatory capital? A thread on why this is an important yet contentious question… (1/17 🤯) (2/17) The UK PRA has recently been setting out its proposal to continue to deduct capitalised software investments bankofengland.co.uk/-/media/boe/fi…
Sep 12, 2020 37 tweets 5 min read
A thread on "badwill" in banking M&A: important, given the upcoming sector consolidation activity. Badwill in bank M&A is an odd concept. It is also, regrettably, misunderstood What happens when you buy a bank for half its accounting value? Can you use the profit from the bargain to top up provisions or pay yourself a big dividend that part-pays the acquisition? Erm, NO!