In this interview we talk to Dr. Tamaz Giorgadze, who came to Germany from his native Georgia, eventually becoming a partner at the German office of McKinsey & Company. During the financial crisis, he saw a demand for retail deposits by banks and decided to jump ship to set up his own company. The company is operating as weltsparen.de in Germany and raisin.com internationally. Joern talks to Tamaz and you get a quick overview of what banks actually do, where they get their money from and how retail investors in Europe profit from this.
We are talking during the interview:
Wholesale funding en.wikipedia.org/wiki/Wholesa...
Bank’s transformation function rudhar.com/economi/monydebt/en...
Duration www.investopedia.com/terms/d/d...
Regulatory measures of bank’s liquidity
Liquidity coverage ratio wiki.treasurers.org/wiki/Liqu...
Net Stable Funding Ratio en.wikipedia.org/wiki/Net_sta...
Deposit www.investopedia.com/terms/b/b...
KYC - Know your customer en.wikipedia.org/wiki/Know_yo...
AML - Anti Money Laundry www.investopedia.com/terms/a/a...
TÜV - A German association of mostly technical auditors en.wikipedia.org/wiki/Technis...
Payment topics we touch
- SEPA en.wikipedia.org/wiki/Single_...
- TARGET 2 www.ecb.europa.eu/explainers/...
- And a correspondent bank system (all money transfer used to be done this way) en.wikipedia.org/wiki/Corresp...
Deposit insurance schemes (how the saver’s money is insured)
- A harmonized scheme in Europe europa.eu/rapid/press-release_...
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