Financial Services Articles
Role of the CFO in Quality Improvement – June/July 2010 issue of Bank Accounting & Finance
By Ron Wince, Guidon Performance Solutions
Guidon CEO Ron WInce talks about how CFOs should not only evaluate but also lead and participate in business process improvement. Strong senior leadership is the single biggest determinant of whether a quality improvement deployment is successful or not. For most of the past few decades, that leadership has come in the form of having a chief executive officer (CEO), chief operating officer (COO) or senior vice president (SVP) of operations leading the charge. The finance department was rarely involved at all, let alone positioned to lead the effort.
Reform Package Wins Praise – June 28,
2010
By Bill McConnell, The Deal
The financial reform bill approved by House and Senate conferees early Friday morning, June 25, will be known as the Dodd-Frank Act, after negotiators from the two chambers unanimously voted to name the legislation after its two chief authors moments before approving the overall package. On a more substantive level, just how the legislation will be remembered won’t be known for quite some time. For certain, the regulations and changes being ushered in will raise the financial industry’s costs of doing business. Guidon CEO Ron WInce says executives at smaller banks have some justification for displeasure because the limits on their activities, higher capital requirements and assessments on the industry are likely to be more of a relative burden.
Financial Reform Moves Forward – June 25,
2010
By Terry Flanagan, Media Markets Online
The U.S. financial reform legislation that moved forward last week was not as bad as it could have been for banks and Wall Street firms, but the industry should not exhale too deeply, because the implementation of the new rules will present its own set of challenges. Guidon CEO Ron WInce says there are some positives for everyone -- it is not overly heavy-handed but it does provide some protections.
Ratings Agencies Under Fire, but Big Reform Unlikely – May 13,
2010
By Barbara Stcherbatcheff, CNBC.com
The European debt crisis has left markets vulnerable to any sovereign debt rating reports and ratings agencies have seen their influence mushroom in Europe. And with the spotlight on the agencies, the question of conflict of interest – widely debated in the aftermath of the credit crunch --has risen again. Guidon CEO Ron WInce talks about how the agencies got complacent, got into a mechanical mindset where they went through it (ratings process) without ever raising flags.
Obama's $30 Billion Pledge: What's In It for You? – February 4, 2010
By Geoff Williams, AOL Small Business
President Barack Obama is making news for proposing that $30 billion of the money that has been repaid from the Troubled Asset Relief Program (TARP) be now diverted to community banks. Guidon CEO Ron Wince talks about how adding $30 billion will not help open the flow as most community banks
are limited by the amount they can loan due to regulations. Business
owners likely won't be pursuing more debt until the economy dictates
the need to grow.
CFO Focus: Going ‘Lean’ – Randolph Brooks FCU Leverages Process Improvement To Enhance Members’ Experience – November 12, 2009
By Lisa Hochgraf, CUES
Guidon
helped Randolph Brooks Federal Credit Union enhance their members' experience while utilizing Lean and Six Sigma. They were looking at core service processes, eliminating waste, and shortening the timeline of service events so the activity and focus is all about what the customer values.
Randolph-Brooks FCU Beefs Up Efficiency and Cuts Costs With Teamwork – July 22, 2008
By Lindsey Siegriest, Credit Union Times
Guidon held Kaizen events to get employees thinking about key principles and looking at processes from the viewpoint of a member.
Lessons for Banks To Learn From Lean Principles During Financial Crisis – October 9, 2008
By Maria Bruno-Britz, Bank Systems & Technology
Guidon’s Larry Mead explains why more banks are adopting Lean principles to survive and thrive in the financial turmoil.
What Financial Services Can Learn From Lean – August 2008
By Larry Mead, US Banker
Guidon’s own Larry Mead explains why the same principles that have helped manufacturers succeed can – and should – be applied to the financial industry.
Why The Supply Chain Is So Long in Prepaid Cards – May 6, 2008
By William Launder, American Banker
The supply chain for prepaid cards is long and inefficient – but how can it change? Guidon’s Larry Mead weighs in on how to improve.
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