I am looking for competent people in banking and financial services to form a group that may start a revolution in the way that lending risk is managed.
The theory is all in place on my blog, one of the most visited and around which Boris Agranovich kindly invited me to provide the top item in the GlobalRisk Community's 2012 Almanac.
For another outline see my LinkedIn profile or go to:
http://macro-economic-design.blogspot.com
For a one on one discussion, follow the instructions there.
The group has to be credible but it does not need any capital at this time. What it has to do is to show that it is a credible group, able to form a bank and then to apply for the relevant changes needed to remove the main interest rate and inflation / deflation risks.
Namely:
Permission to lend along the same lines as they are already doing in Turkey (my basic invention of 1974 as published in the Building Societies Gazette) but with a major refinement.
We need tax exemption for savings growth linked to an index of average incomes.
We need permission to offer index-linked loans and preferably to use interest rates as part index and part interest.
Given that we can remove the major part of the arrears risk other than that linked to unemployment. Given that we can compete with ANY competitor.
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