As he switches back from his other call, the banker curses.
"That was a call about exactly what you're ringing up to discuss,"
he tells Euromoney. "Consortia platforms. They are the single
biggest bloody headache of the job." He should know. As the head of
e-commerce strategy at a major European investment bank, he's
joined a few.
It turns out the call was from a peer at another institution, and
the two had been part of an OTC derivatives consortium that never
saw the light of day. "And there are several more of those that
were stillborn," he says. Is it, asks Euromoney, because you just
can't rely on bankers from rival institutions to trust each other
enough to get the job done? Because the egos on the board are just
too large to allow for effective decision-making? Because there are
too many disagreements?
"That's certainly part...
